Unit variable costs vary with changes in productive output,whereas total variable costs remain constant.

Name: Unit variable costs vary with changes in productive output,whereas total variable costs remain constant.
Brand: Quizplus
Rating: 4.8 (64 reviews)

Question

Quizplus · Accepted Answer

Unit variable costs remain constant with changes in productive output, whereas total variable costs vary. This is because the total cost increases with an increase in productive output due to the increase in the quantity of variable inputs required, while the unit cost remains the same.

Unit Variable Costs Vary with Changes in Productive Output,whereas Total