The _____ of a product varies in magnitude directly with the production,but remains constant per unit regardless of how many units are produced.

Question

Quizplus · Accepted Answer

This is referring to the concept of variable cost, which increases proportionally with the level of production but remains constant per unit. Fixed cost per unit, total cost, and average cost do not exhibit this characteristic.

The _____ of a Product Varies in Magnitude Directly with the Production,but