Question

You only have two attempts for this quiz. If you are unsure of the correct answer, feel free to check your notes or open another tab and re-watch the previous videos). You will not be able to see the correct answers until after the due date has passed, 1 point What is the cost equation? type your answer type your answer... type your answer + type your answer 0000 Toint Which numbers are the same no matter how many units you are talking about as long as you are within the relevant rangel? Total Fixed Costs Variable Cost per unit Average Cost Total Costs OOOO 1 point Which numbers are specific to the exact number of units you are talking about, and therefore must be re-calculated if you are wondering about a different number of units? Total Costs Variable Cost per unit Total Fixed Costs Average Cost

Answer 1

ty cost equation is a mathematical enpression of mined cost, Total fined cost and variable cost fined per unit x number of units produced. per unst, Mined cost = Total Lost + variable cost no molter units we are are talking about The correct option would be Total Fined cost, where, the numbers are same how many taking. : As suppose, id 5 units, then, the Total Fined cost remains the same bent the variable cost will be used for 5 units and the amount with changes of g units changer. Total cost is the min up of Fined cost and variable cost, and a change in variable will also bring cost. Same, with Average cost happens, Average cost changes with the number of units changes. no. cost а a change in total The correct option would be Total cost we bring change in the number As, Total cost is the sum of fined cost and variable cost, il of unit, it will automatically bring a change in and Total fined cost remains constant the relevant hange. Do, Among All the options, appropriate answer Total cost. Whereas, Variable cost per unit Atmaint within Total cost in mo an

a Costs that do not change in Total despite changes fined cost wide in volume. each unit Variable costs Costs incuned for ② The Band of volume where Total fined cost and Variable cost per unit remains constant. Mined cost A mathematical equation (for a straight line) that enpresses cost behavior cost Equation Have Both variable cost and fined cost Components Relevant Range Lost Behaviour that is not linear Curvilinear lost