The electricity bill paid by a grocery store is which type of cost? a. a fixed...
The electricity bill paid by a grocery store is which type of cost?
a. a fixed cost
b. a variable cost
c. an opportunity cost
d. a rental cost
I believe it is Variable costs because they are costs that do vary with output. Is this correct?
Homework Answers
The above cost of electricity bill will come under the variable cost .
For any firm which is operating they have to occur two type of cost generally fixed cost and variable cost.
fixed cost is constant for short run and variable cost vary as the output increases
So as a production increases in the company then electricity bill will increase .
Option B is true
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