Variable costs _________________________.
A) Change as a function of the quantity of output produced.
B) (For a given time period) are constant no matter the quantity of output produced.
C) Change as a function of the next unit of output produced.
D) Comprise the sum total of all production expenses of the ﬁrm for some time period.
E) comprise the sum total of all production expenses of the ﬁrm for some time period, expressed relative to the total output produced for that same time period.

Question

Quizplus · Accepted Answer

Variable costs change depending on the quantity of output produced. As more output is produced, variable costs increase and vice versa.

Variable Costs _________________________