In the Short Run,the Costs Associated with Variable Inputs Are

question 236

Multiple Choice

In the short run,the costs associated with variable inputs are _____,and the costs associated with _____ inputs are _____.

• A) variable;fixed;fixed
• B) fixed;fixed;variable
• C) variable;fixed;variable
• D) fixed;fixed;fixed

---

Definitions:

Purchase Supplies

The act of acquiring goods or materials used in the production process or in the day-to-day operations of a company.

Cash Recorded

The accounting entry that reflects the actual amount of cash received and recorded by a business during a specific period.

Revenue Journal

A revenue journal is a record used in accounting to keep track of the sales of goods and services that generate revenue for an entity.

Accounts Receivable

Funds that are due to a company from clients for products or services provided on credit.