Question

Which of the following is not an example
of a variable cost?​

Answer 1

Explanation:

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Answer 2

Concept:

Cost refers to the expenditure of goods and services that are incurred in the production of goods and services.

Given:

Which of the following is not an example of a variable cost?​

To Find:

The example of variable cost can be found out.

Solution:

The example of variable cost are labor. The labor is the variable inputs that are used to produce goods and services in the short run and in long run. It means the goods and services are produced with the use of labor and a cost is paid to them in the form of wages.