Variable costs:
A) exist only in the short run.
B) change as output changes.
C) are positive even when a firm produces no output.
D) do not vary with output.

Name: Variable costs: A) exist only in the short run. B) change as output changes. C) are positive even when a firm produces no output. D) do not vary with output.
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Question

Quizplus · Accepted Answer

Variable costs change as output changes because they are costs that vary directly with the level of production.

Variable Costs