exam 1 Fall14
Student:
___________________________________________________________________________
1. If the level of activity increases within the relevant range:
A. variable cost per unit and total fixed costs also increase.
B. fixed cost per unit and total variable cost also increase.
C. total cost will increase and fixed cost per unit will decrease.
D. variable cost per unit and total cost also increase.
2. Data for Cost A and Cost B appear below:
Which of the above best describes the behavior of Costs A and B?
A. Cost A is fixed, Cost B is variable.
B. Cost A is variable, Cost B is fixed.
C. Both Cost A and Cost B are variable.
D. Both Cost A and Cost B are fixed.
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