_____ are costs that change directly with the level of production.
A) Implicit costs
B) Fixed costs
C) Interest costs
D) Variable costs

Question

Quizplus · Accepted Answer

Variable costs are costs that change directly with the level of production. Implicit costs are non-monetary opportunity costs, fixed costs do not change with the level of production, and interest costs specifically refer to the cost of borrowing money.

_____ Are Costs That Change Directly with the Level of Production