An example for variable cost is

Related MCQs

• Cost theory explains the relationship between cost &_________________
• Out of pocket cost are _______________ cost
• Profit is the difference between total cost and ___________________
• Alternative cost is also known as a ____________________
• The shape of average cost curve is ______________
• In the long – run there is no _______________ cost
• TC=a+bQ is a ________________ Cost function
• What do you call the cost incurred in past?
• What you call the cost incurred in producing an additional unit of output
• In the long-run total cost is equal to ______________