Which of the following costs will vary directly with the level of production Mcq?

Which of the following is a variable cost?
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Which of the following is an implicit cost?
If the output levels at which short-run marginal and average cost curves reach a minimum are listed in order from smallest to greatest, then the order would be
Learning curves represent the relationship between
If an input is owned and used by a firm, then its
Short-run marginal cost is equal to
Short-run average variable cost is equal to
Which of the following short-run cost curves declines continuously?
The law of diminishing returns begins at the level of output where
The long-run average cost curve is at a minimum at a level of output where
If a firm has a downward sloping long-run average cost curve, then
One reason that a firm may experience increasing returns to scale is that greater levels of output make it possible for the firm to
One reason that a firm may experience decreasing returns to scale is that greater levels of output can result in
Economies of scope refers to the decrease in average total cost that can occur when a firm
Breakeven analysis identifies the
Which of the following is an assumption of linear breakeven analysis?
The responsiveness or sensitivity of a firm's profits to changes in output is measured by a firm's
Which of the following values cannot be calculated at the firm's breakeven level of output?
If a linear short-run variable cost function is estimated using cross-sectional data, then the corresponding marginal cost function will be
The survival technique
The process whereby firms reduce their production costs by taking advantage of international differences in the prices of inputs and international similarities in preferences is referred to as the
Which of the following would be referred to as "outsourcing?"
When a firm designs a core product for the entire world that can be adapted in a number of ways to accommodate different types of markets, it is taking advantage of the
The Japanese cost-management system involves
The contribution margin per unit is equal to the

Which of the following cost will vary directly with level of production?

Variable costs vary with the level of production output and can include raw materials and supplies for the machinery. Variable costs can also be indirect costs such as electricity for the production plant since it can't be tied to one specific product.

Which of the following varies with the level of production?

The raw material cost for a production facility is a variable cost because it varies directly with the level of production.

Which of the following types of costs vary directly with production volume?

Variable costs are costs that change as the volume changes. Examples of variable costs are raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging supplies, and credit card fees.

Which cost does not vary with the level of production?

Total fixed costs remain the same, within the relevant range. However, the fixed cost per unit decreases as production increases, because the same fixed costs are spread over more units. The following two charts depict this relationship between fixed costs and output volume.