An example of variable costs is
A) rent on the building a business occupies.
B) loans on equipment purchased.
C) hourly labor.
D) insurance premiums to protect assets.
Correct Answer:
Verified
Q26: Economists think of a business as a
Q27: Many times,technology is _ in the equipment
Q28: The extra amount of output a business
Q29: Variable costs are relevant for
A) long-term strategic
Q30: The total cost of production is determined
Q32: In a simple grass-mowing business,the lawn mower
Q33: _ shows the potential cost for each
Q34: The short-term cost function assumes that
A) All
Q35: Output divided by the number of hours
Q36: Marginal cost generally _ quantity produced.
A) rises
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