Asked by
julia houser
on Dec 15, 2024Verified
Rent, executive salaries, and insurance are typical examples of
A) variable costs.
B) fixed costs.
C) unit costs.
D) marginal costs.
E) total costs.
Variable Costs
Costs that vary directly with the level of production or service delivery.
Fixed Costs
Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance.
- Identify examples of fixed and variable costs in a business context.
Verified Answer
MM
Learning Objectives
- Identify examples of fixed and variable costs in a business context.