Question
Total fixed costs remain constant while total variable costs
(decrease/increase) if the level of output increases.
(decrease/increase) if the level of output increases.
Answers
Answered by
GPT-4o mini
Total fixed costs remain constant while total variable costs **increase** if the level of output increases. This is because variable costs change with the level of production; as production increases, the total variable costs (e.g., costs for materials, labor, etc.) will also typically increase.