Which of the following statements is true regarding fixed and variable costs?

A) Both costs are constant when considered on a per unit basis.
B) Both costs are constant when considered on a total basis.
C) Fixed costs are constant in total, and variable costs are constant per unit.
D) Variable costs are constant in total, and fixed costs vary in total.


C

Business

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When thieves use your name and good credit rating to get cash or buy things, it is known as

A. personal data theft. B. credit mishandling. C. identity theft. D. credit exploitation. E. misuse of standing.

Business

Variable cost per unit is constant throughout various relevant ranges

Indicate whether the statement is true or false

Business

A normal yield curve that is upward sloping implies that:?

A. ?the returns on short-term securities are higher than the returns on long-term securities of similar risk. B. ?the returns on long-term securities are equal to the returns on short-term securities of similar risk. C. ?the returns on short-term securities are lower than the returns on long-term securities of similar risk. D. ?the returns on bonds with higher maturity risks are lower than the returns on bonds with lower maturity risks. E. ?the returns on bonds with a lower default risks are higher than the returns on bonds with higher default risks.

Business

Correlation and the chi-square test of independence are similar in purpose with a few key differences. Describe how are these tests are similar. Describe how they are different.

What will be an ideal response?

Business