Labor,materials,and energy are typically __________ costs.
A) fixed
B) incidental
C) prestige
D) inelastic
E) variable

Question

Quizplus · Accepted Answer

Labor, materials, and energy costs are typically variable costs because they vary proportionally with the level of production or output. As production increases, the demand for labor, materials, and energy also increases, leading to higher costs. Conversely, if production decreases, these costs will decrease as well.

Labor,materials,and Energy Are Typically __________ Costs