In the Short Run, Which of the Following Is Likely

question 59

Multiple Choice

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

• A)office space
• B)computers
• C)liability insurance
• D)insurance forms
• E)examining table

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Definitions:

Consumer Goods

Are products bought for consumption by the average consumer, including items such as food, clothing, and household products.

Per Capita Income

Represents the average income earned per person in a given area in a specified year.

Quality Of Life

The general well-being of individuals and societies, encompassing health, comfort, happiness, and prosperity, rather than mere wealth.