In the Long Run,which of the Following Is Likely to Be

question 15

Multiple Choice

In the long run,which of the following is likely to be a variable cost?

• A)Factory rental but not wage costs.
• B)Wage costs but not costs for equipment.
• C)Interest payments on borrowed funds but not utilities.
• D)Rent,wages,and all other costs are variable in the long run.

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Definitions:

Less Dense Crust

Refers to the Earth's continental crust, which is less dense than oceanic crust, allowing it to float higher on the mantle.

Continental Crust

The dense segment of the Earth's crust responsible for the formation of big terrestrial masses, which is usually more ancient and complex compared to the oceanic crust.

Oceanic Crust

The thin layer of the Earth's crust that underlies the ocean basins, composed mainly of basalt.

Mantle

The layer of the Earth located between the crust and the outer core, composed of silicate rocks rich in iron and magnesium.