Variable costs within the relevant range for a firm are assumed:
A)Not to vary per unit.
B)Not to vary in total.
C)To be nonlinear.
D)To be curvilinear.

Question

Quizplus · Accepted Answer

Variable costs within the relevant range are assumed to vary per unit. This means that as the level of production or activity increases, the total variable costs increase but the per unit cost remains constant.

Variable Costs Within the Relevant Range for a Firm Are