Day: December 5, 2022

Which one of the following does not vary with output in the short-run?

Select ONE answer:

1. Total revenue
2. Total costs
3. Fixed costs
4. Variable costs

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct
4. Not correct

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