When production decreases

Question 57 options:

a. Total variable costs increase.

b. Variable costs per unit decrease.

c. Variable costs per unit increase.

d. Total variable costs decrease.

Question 55 (2 points)

Why is it important to identify the relevant range for the costs of a product?

Question 55 options:

a. Total variable costs and fixed costs per unit remain constant within a relevant range.

b. Variable costs per unit and total fixed costs remain the constant within a relevant range.

c. Variable costs per unit and fixed costs per unit remain constant within a relevant range.

d. Total variable costs and total fixed costs per unit remain constant within a relevant range.