What Is a Cost That Changes with the Level of Output

question 166

Multiple Choice

What is a cost that changes with the level of output?

• A) an elastic cost
• B) a fixed cost
• C) a liquidity cost
• D) a variable cost

---

Definitions:

Westlaw

A web-based legal research tool and exclusive database designed for attorneys and legal professionals, accessible in more than 60 nations.

Lexis

A comprehensive digital library and searchable database of legal and journalistic documents.

Conduct a Search

A process involving looking for information or resources through systematic investigation or examination.

Citator

A book or online service that provides the history and interpretation of a statute, regulation, or court decision and a list of the cases, statutes, and regulations that have interpreted, applied, or modified a statute or regulation.