Variable Costs Are

question 88

Multiple Choice

Variable costs are

• A)the same as sunk costs
• B)irrelevant to decision making,because they are sunk
• C)the costs of inputs that vary with the level of production
• D)the costs of inputs that do not vary with the level of production
• E)the additional total cost associated with producing an additional unit of output

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A legal term referring to the ownership of property, implying a right to the use and possession of that property.

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