Variable costs are: changes in total cost due to the production of an additional unit of output. costs that change with the level of production. costs that change every day or every month. costs that remain to be paid even if the firm shuts down temporarily.
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Variable costs are sunk costs. costs that change every day. costs that change with the level of production. the change in total cost due to the production of an additional unit of output.
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Variable costs are sunk costs. costs that change every day. costs that change with the level of production.
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