A rise in variable input prices will affect _____________ costs, but not ______________ costs
A)fixed; variable
B)variable and marginal; fixed
C)fixed; marginal
D)fixed; marginal and variable

Question

Quizplus · Accepted Answer

Variable input prices affect variable costs, which are costs that change with the level of output. Fixed costs, on the other hand, do not change with the level of output.

A Rise in Variable Input Prices Will Affect _____________ Costs