Please select all that are true regarding variable costs (VC): Variable costs must be more than revenue for profitability Variable costs per unit are assumed to be constant in the relevant range of output Total variable costs are from all Q produced Variable costs are the total cost of producing a good or service Variable costs change over time Variable costs are assumed to be proportionate to Quantity Variable costs are the marginal profit per unit Variable costs are less of a risk than fixed costs since FC remain even at zero Q
Please select all that are true regarding variable costs (VC): Variable costs must be more than revenue for profitability Variable costs per unit are assumed to be constant in the relevant range of output Total variable costs are from all Q produced Variable costs are the total cost of producing a good or service Variable costs change over time Variable costs are assumed to be proportionate to Quantity Variable costs are the marginal profit per unit Variable costs are less of a risk than fixed costs since FC remain even at zero Q
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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15. Please select all that are true regarding variable costs (VC):
Variable costs must be more than revenue for profitability
Variable costs per unit are assumed to be constant in the relevant range of output
Total variable costs are from all Q produced
Variable costs are the total cost of producing a good or service
Variable costs change over time
Variable costs are assumed to be proportionate to Quantity
Variable costs are the marginal profit per unit
Variable costs are less of a risk than fixed costs since FC remain even at zero Q
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