A business incurs the following costs per unit: Labor $5/unit;Materials $3/unit and rent $5000/month.If the firm produces 1000 units a month,the total variable costs equals
A) $5,000
B) $8,000
C) $13,000
D) $10,000
Correct Answer:
Verified
Q6: Variable costs are
A)costs that vary with output
B)not
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Q9: In the short-run:
A)All inputs are variable
B)Some inputs
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Q14: A business incurs the following costs per
Q15: For a restaurant,all the following are examples
Q16: Total costs equal
A)Fixed costs
B)Variable costs
C)Sunk costs
D)Fixed costs
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