The sum of the expenses of the firm that vary directly with the quantity of the product that is produced and sold is referred to as
A)fixed cost.
B)total cost.
C)marginal cost.
D)unit cost.
E)variable cost.

Question

Quizplus · Accepted Answer

The description provided in the question matches the definition of variable costs, which are expenses that vary with the quantity of products produced and sold. Therefore, the best choice is E) variable cost.

The Sum of the Expenses of the Firm That Vary