Which of the Following Is Most Likely to Be a Variable

question 54

Multiple Choice

Which of the following is most likely to be a variable cost in the short run?

• A)a fee paid to obtain a license
• B)the energy cost of running a factory
• C)the cost of owning machinery
• D)rent payments for office space

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Definitions:

Apprenticeship

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study.

Piaget

Pertains to Jean Piaget, a Swiss psychologist renowned for his groundbreaking contributions to the study of child development and cognitive theory.

Formal Operational

A stage in Jean Piaget's theory of cognitive development where individuals (typically 12 years and older) gain the ability to think abstractly, reason logically, and use deductive reasoning.

Abstract Principles

Fundamental ideas or theories that are theoretical in nature and not based on specific instances.