What is the term for costs that vary with output?
A) marginal product
B) fixed costs
C) variable costs
D) overhead costs

Name: What is the term for costs that vary with output? A) marginal product B) fixed costs C) variable costs D) overhead costs
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Question

Quizplus · Accepted Answer

Variable costs are costs that vary with output, meaning they increase or decrease as production levels change. Examples of variable costs include labor, raw materials, and electricity.

What Is the Term for Costs That Vary with Output