(Table: Bonnie's Production Function for Good Z) Look at the table Bonnie's Production Function for good Z.The costs that vary with Bonnie's level of production are her:
A)fixed costs.
B)variable costs.
C)rent and insurance.
D)costs that remain the same regardless of what she produces.

Question

Quizplus · Accepted Answer

Variable costs are costs that vary with the level of production, such as the cost of raw materials, labor, and utilities. Therefore, Bonnie's costs that vary with her level of production are her variable costs. The other choices are not relevant to this question.

(Table: Bonnie's Production Function for Good Z) Look at the Table