Variable costs are
A)costs that remain to be paid even if the firm shuts down temporarily.
B)costs that change every day or every month.
C)costs that change with the level of production.
D)changes in total cost due to the production of an additional unit of output.

Question

Quizplus · Accepted Answer

Variable costs change with the level of production, meaning they increase as production increases and decrease as production decreases.

Variable Costs Are