Which of the following statements is TRUE with respect to total variable costs?
A)They will remain the same as production levels change within the relevant range.
B)They will decrease as production increases within the relevant range.
C)They will decrease as production decreases within the relevant range.
D)They will increase as production decreases within the relevant range.

Question

Quizplus · Accepted Answer

Total variable costs decrease as production decreases because they are directly proportional to the level of production.

Which of the Following Statements Is TRUE with Respect to Total