A Firm's Total Variable Cost (TVC) Is Defined as a Cost

question 410

Multiple Choice

A firm's total variable cost (TVC) is defined as a cost that

• A) does not change (is not "variable") as the firm changes its output.
• B) changes as the firm changes its output.
• C) falls as the firm increases its output.
• D) varies only when the firm reaches the long run.