Multiple Choice Questions on Which of the following is the variable cost for a firm ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Which of the following is the variable cost for a firm ........

Economics (CUET) Theory of Production and Cost
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    Which of the following is the variable cost for a firm?

     

    Interest on loan
     

    Incorrect Answer

    Monthly rent
     

    Incorrect Answer

    Insurance premium

     

    Incorrect Answer

    Wages to employees

    Correct Answer
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    Explanation:

    Option (4) is correct.
    Explanation: Among the following, "wages to employees" is the variable cost for a firm. All other options are the examples of fixed cost because they do not change with the change
    in the level of output.

    By: Parvesh Mehta
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