Answer:
<em>(A) Unit variable costs fluctuate and unit fixed costs remain constant.</em>
Explanation:
The <em>fixed costs</em> are the costs which have to be incurred always, irrespective of what the output produced is by the firm. For instance, a firm always has to charge depreciation on its fixed assets, pay salary to the premises staff and pay fixed salary to the managers for managing etc, irrespective of whatever output it produces.
<em>Variable costs</em> are the costs which vary with the level of output produced activity. For example, if more output is produced more will be the raw material payments, more will be the manufacturing related other expenses and more will be the wages paid to the labour etc and vice-versa.
Hence, thereby the per <em>unit variable costs fluctuate and unit fixed costs remain constant.</em>
Answer:
the costs that change depending on a company's performance
Explanation:
Variable costs refer to the costs that fluctuate with the level of production. An increase or decrease in the output level results in variable costs moving in the same direction. If the business stops production, the variable costs will be nil.
Raw materials and packaging costs are good examples of variable costs. The more a company produces, the more materials it consumes, and the higher the costs of purchasing the materials.
ANSWER – TRUE
Most people would rather do away with
their TVs or the Internet than their mobile phones. <span>While for
a fact, television remains the most used media, and the internet is fast catching
up, surveys have shown that most people would still prefer to hold on to their
mobile phones above these two.</span>
Answer:
False
Explanation:
Managers exercise legitimate and coercive power. Their power is legitimate since it is lawful owing to the job position and their tasks and duties. It is coercive since it induces the subordinates to perform their tasks in a certain way and at times subject them to performance pressure so as they work efficiently.
Experts and referent represent personal or individual power possessed by an individual, independent of the job position he/she occupies. These may arise more out of an individual's own knowledge and information one possesses or on account of personal traits and do not represent a power which has been delegated.
Such powers may collide when an individual is promoted and when required to manage those, who were earlier his/her colleagues.
Answer:
A decrease in investment spending at each price level will shift the aggregate demand curve to the left
