Cost analysis
Authored by Lexy Eddo
Business
11th Grade
Used 6+ times
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6 questions
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1.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The graph given represents?
(a)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the total economic cost of production.
Economic Cost
Fixed Cost
Total cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the change in total production that comes from making or producing one additional unit
Marginal Cost
Fixed Cost
Variable cost
4.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
(a)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
= Total Cost – Fixed Cost
Variable cost
Total cost
Average cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The fixed cost is a cost that does not change with an increase or decrease in output
True
False
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