If a project consists of activities that are common to many other projects, _____ are available per unit.

A) fixed costs
B) variable costs
C) average costs
D) total costs
E) marginal costs

Variable Costs

Costs that change in proportion to the level of activity or volume of production in a business.

Fixed Costs

Costs that do not vary with the amount of goods or services produced, such as rent or salaries.

Average Costs

Average costs refer to the total costs of production divided by the number of units produced, used in economics and financial analysis to assess efficiency or profitability.