In the short run,which of the following is most likely a variable cost?

Name: In the short run,which of the following is most likely a variable cost?
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Question

Quizplus · Accepted Answer

Variable costs are costs that change in proportion to the level of production or sales. Labor and raw materials costs are directly tied to the level of production and are considered variable costs. Contractual lease payments and property taxes are typically fixed costs that do not vary with changes in production or sales.

In the Short Run,which of the Following Is Most Likely