Which word completes the following sentence? The graph below represents ____ costs.

Name: Which word completes the following sentence? The graph below represents ____ costs.
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Question

Quizplus · Accepted Answer

The graph represents costs that vary based on the level of activity. This matches the definition of variable costs. Semi-variable costs have both a fixed and variable component, while fixed costs remain constant regardless of the level of activity. Total costs include both fixed and variable components.

Which Word Completes the Following Sentence? the Graph Below Represents