Variable inputs are defined as any resource that:
A) varies with the size of the firm's plant.
B) cannot be changed as output changes.
C) can be changed as output changes.
D) can be increased or decreased hourly.

Question

Quizplus · Accepted Answer

Variable inputs can be adjusted or changed as the output or production level changes. Examples of variable inputs include labor, energy, and raw materials.

Variable Inputs Are Defined as Any Resource That