Whether a cost is fixed or variable with respect to a particular activity is also affected by the length of time A. True B. False

Which of the following is true regarding Fixed Costs?Group of answer choicesRemain constant as activity level increasesIncrease at a faster rate as activity level decreasesGo up as activity level increasesInversely vary with activity level

Total variable costs• a. increase with a decrease in activity.O b. are constant regardless of changes in activity.• c. have no relevant range.• d. change proportionately with changes in activity levels.

Semi-variable costs changes both in total and per unit A. True B. False

In a short run, fixed cost remain constant, but variable cost change with changes in total product.TrueFalse

Fill in the Blank QuestionFill in the blank question.A cost remains unchanged when the volume of activity changes within the relevant range.