The costs associated with variable inputs are _____, and the costs associated with _____ inputs are _____.
A) variable; fixed; fixed
B) fixed; fixed; variable
C) variable; fixed; variable
D) fixed; fixed; fixed

Question

Quizplus · Accepted Answer

Variable inputs have costs that change with the level of output, hence they are variable costs. Fixed inputs have costs that do not change with the level of output, hence they are fixed costs.

The Costs Associated with Variable Inputs Are _____, and the Costs