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Q16 The graph below plots the total cost of manufacturing a widget against the volume of widgets produced. Looking at the graph below, what conclusion

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Q16 The graph below plots the total cost of manufacturing a widget against the volume of widgets produced. Looking at the graph below, what conclusion can you draw about the variable cost per unit to manufacture the widget? 30000 280w 26000 24000 22000 20000 Total Cost 18000 160(1) 14000 12000 10000 1000 1200 1400 1600 1800 2(X)0 2200 2400 2600 2800 3000 Volume Select one: a. Variable cost per unit increases as the volume of widgets produced increases. 0 b. Variable cost per unit decreases as the volume of widgets produced increases. 0 c. Variable cost per unit remains constant as the volume of widgets produced increases

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