The Variable Cost Function Shows the Expenditure on the Variable

question 16

Multiple Choice

The variable cost function shows the expenditure on the variable output:

• A)needed for technically efficient production, given an input price.
• B)as the price of the variable input changes.
• C)as the level of the variable input employed changes.
• D)which gives the least- cost combination of inputs for an output level.

---

Definitions:

Global CEO

Is a Chief Executive Officer who oversees, manages, and directs business operations on a global scale.

Office

A room or set of rooms where business, professional, or administrative work is conducted.

Verbal Communication

The use of spoken words to convey messages, instructions, or ideas between individuals.

Presenting Ideas

The act of conveying concepts, plans, or proposals to others in a clear and persuasive manner.