_____ costs do not change as output is increased or decreased
a. Marginal
b. Variable
c. Fixed
d. Total
ANSWER: c
A cost that does not change with the level of output is called a fixed cost. An example of fixed costsinclude rent and executives' salaries.
Business
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Which alternative below is not true of current consumption?
A) It refers to goods and services used in the current time period. B) Generally, more of it leads to greater levels of satisfaction. C) It can increase through current borrowing. D) It is usually less desirable than future consumption.
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The percent idle time is equal to 1 minus the utilization factor
Indicate whether the statement is true or false
Business