Because the Amount of Labor a Firm Employs Can Be

question 123

Multiple Choice

Because the amount of labor a firm employs can be changed,the cost of labor is known as

• A) minimum cost.
• B) variable cost.
• C) maximum cost.
• D) fixed cost.
• E) an unavoidable cost.

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Definitions:

Radiant Energy

The energy of electromagnetic waves, including light, radio waves, and X-rays, which can travel through space.

Antipruritic

A substance or treatment that relieves or prevents itching.

Antifungal

Relating to or involving the use of agents that inhibit the growth of or destroy fungi.

Antibiotic

A substance used to kill or inhibit the growth of bacteria, often used in the treatment of infections.