Summing all of the costs that do NOT change as output varies yields
A) variable costs.
B) fixed costs.
C) implicit costs.
D) explicit costs.

Question

Quizplus · Accepted Answer

Fixed costs do not vary with changes in output. Variable costs, on the other hand, do change with output. Implicit costs are opportunity costs associated with using a resource for a particular purpose, and explicit costs are actual monetary payments made for resources or expenses.

Summing All of the Costs That Do NOT Change as Output