The variable cost function shows the expenditure on the variable output:
A)needed for technically efficient production, given an input price.
B)as the price of the variable input changes.
C)as the level of the variable input employed changes.
D)which gives the least- cost combination of inputs for an output level.

Question

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The Answer of The variable cost function shows the expenditure on the variable output:
A)needed for technically efficient production, given an input price.
B)as the price of the variable input changes.
C)as the level of the variable input employed changes.
D)which gives the least- cost combination of inputs for an output level.

The Variable Cost Function Shows the Expenditure on the Variable