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
Ans: d. a variable cost
Business
You might also like to view...
In general, the size of a work group should be only large enough to achieve ______.
A. an efficient division of labor B. social loafing C. an orderly flow of communication D. friendship among the members
Business
Income taxes are withheld from the employee's paycheck
Indicate whether the statement is true or false
Business