22) by producing less, a firm can reduce: group of answer choices a) its variable costs but not its fixed costs b) its fixed costs and its variable costs c) its fixed costs but not its variable costs d) neither its variable costs nor its fixed costs

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08-12-2022
Business

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22) by producing less, a firm can reduce: group of answer choices a) its variable costs but not its fixed costs b) its fixed costs and its variable costs c) its fixed costs but not its variable costs d) neither its variable costs nor its fixed costs

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rafikiedu03 rafikiedu03 · Answer 1 · 2022-12-11T09:44:22+01:00

A). Fixed costs are expenses that do not vary with the volume of production. Thus, producing less does not reduce fixed costs. Variable costs are expenses that increase with the volume of production.

In mathematics, a variable (from Latin variabilis, "changeable") is a image and placeholder for any mathematical item. specifically, a variable may additionally represent a number of, a vector, a matrix, a characteristic, the argument of a characteristic, a fixed, or an element of a set. Algebraic computations with variables as if they have been specific numbers remedy various issues in a unmarried computation. for example, the quadratic method solves any quadratic equation by means of substituting the numeric values of the coefficients of that equation for the variables that represent them within the quadratic system.

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