Relevant costs are only variable.
举一反三
- A variable defined in the main () function is called a global variable.
- Variable costs are
- Variable costs are costs that change with the level of production.
- A firm that shuts down temporarily has to pay A: its variable costs but not its fixed costs. B: its fixed costs but not its variable costs. C: both its variable costs and its fixed costs. D: neither its variable costs nor its fixed costs.
- Costs that change with the level of production are referred to as ________. A: fixed costs B: variable costs C: target costs D: total costs