Cost of a Product
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Professional Development
8th - 9th Grade
Used 807+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Costs that do not change with change in production are called
Variable Costs
Fixed costs
Opportunity cost
Sunk Cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Property taxes are a type of
Fixed Cost
Opportunity cost
Sunk Cost
Variable Cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Costs that change with the change in production levels are called
Fixed cost
Variable cost
Opportunity Cost
Sunk Cost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wages that are paid to the labour are a type of
Fixed cost
Variable cost
Opportunity Cost
Sunk Cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
New Machines if bought for production is a type of
Fixed cost
Variable cost
Opportunity cost
Sunk Cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Potential Benefits that an individual could earn are called
Opportunity Costs
Fixed Costs
Variable Costs
Sunk Costs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I am giving up on a job to work on my business, I am incurring
Sunk Costs
Fixed Costs
Opportunity costs
Variable Costs
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