A cost that increases or decreases as the level of output increases or decreases:
A) is a variable cost.
B) can only be a long-run cost.
C) can only be a short-run cost.
D) is beyond the control of the business incurring the cost.
Correct Answer:
Verified
Q47: A factor of production that does not
Q48: The monthly payment that a business makes
Q49: The agreed upon monthly payment that a
Q50: In the long run, all factors of
Q51: The period of time over which all
Q53: A cost that does not change as
Q54: The short-run cost that is zero when
Q55: The cost that is greater than zero
Q56: In the short run, all costs are:
A)
Q57: Over the short run, total cost is
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