Costs that change with the level of output are
A) variable costs
B) fixed costs
C) constant returns to scale

Name: Costs that change with the level of output are A) variable costs B) fixed costs C) constant returns to scale
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Question

Quizplus · Accepted Answer

Costs that change with the level of output are called variable costs. This means that as the level of output increases or decreases, the amount of money spent on these costs will also increase or decrease. Examples of variable costs include materials, labor, and fuel.

Costs That Change with the Level of Output Are