Which of the following is the best example of a variable cost in the short run?

Question

Quizplus · Accepted Answer

Wages for employees are a classic example of a variable cost in the short run, as the number of employees can be adjusted depending on the level of output. Rent for an office or factory space is typically a fixed cost, as it is usually paid regardless of production levels. Rent for a restaurant may be partially variable and partially fixed depending on the terms of the lease. Debt payments for a loan are a fixed cost, as they must be paid regardless of production levels.

Which of the Following Is the Best Example of a Variable