Variable costs are generally associated with the cost of
A)machinery.
B)loan payments.
C)capital.
D)labor.
E)rental income forgone by not renting facilities to someone else.

Question

Quizplus · Accepted Answer

Variable costs are costs that vary with the level of production output, and labor is a key factor that can increase or decrease as production levels change. The other options listed are examples of fixed costs.

Variable Costs Are Generally Associated with the Cost of