The difference between variable costs and fixed costs is (CMA adapted)
A) Unit variable costs fluctuate and unit fixed costs remain constant.
B) Unit variable costs are fixed over the relevant range and unit fixed costs are variable.
C) Total variable costs are constant over the relevant range, while fixed costs change in the long-term.
D) Total variable costs are variable over the relevant range but fixed in the long-term, while fixed costs never change.

Question

Quizplus · Accepted Answer

The Answer of The difference between variable costs and fixed costs is (CMA adapted)
A) Unit variable costs fluctuate and unit fixed costs remain constant.
B) Unit variable costs are fixed over the relevant range and unit fixed costs are variable.
C) Total variable costs are constant over the relevant range, while fixed costs change in the long-term.
D) Total variable costs are variable over the relevant range but fixed in the long-term, while fixed costs never change.

The Difference Between Variable Costs and Fixed Costs Is (CMA