A) True B) False 14) Like variable costs, fixed Costs are costs that response to changes in the level of activity A) True B) False 15) A learning curve measures the effect of learning on efficiency A) True B) False 16) An experience curve is a function that measures the decline in cost per unit in various business functions of the value chain as the amount of these activities increases. A) True B) False 17) The amount paid to purchase tools last month is an example of a sunk cost. B) False A) True 18) Variable Cost per unit of output remains constant at any level of activity B) False A) True 19) Incremental fixed cost is not a relevant cost B) False A) True 20) Fixed cost per unit increases when the total unit produce increases A) True B) False