Variable costs:
A) Do not vary in total within the relevant range
B) Do not vary on a per-unit basis within the relevant range
C) Vary on a per-unit basis within the relevant range
D) Both (a) and (c)

Question

Quizplus · Accepted Answer

Variable costs remain constant on a per-unit basis within the relevant range, meaning the cost per unit does not change even though the total variable cost will vary with the level of production or activity.

Variable Costs