Usually, the shape of a firm's total variable cost curve primarily reflects the cost of
A) labor
B) taxes
C) energy
D) depreciation
E) raw materials

Name: Usually, the shape of a firm's total variable cost curve primarily reflects the cost of A) labor B) taxes C) energy D) depreciation E) raw materials
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Question

Quizplus · Accepted Answer

The total variable cost curve primarily reflects the cost of labor, as labor is often a significant variable cost that changes with the level of output.

Usually, the Shape of a Firm's Total Variable Cost Curve