The difference between variable cost and fxed cost is that Select one: a. fixed cost is paid even when there is no output b. foxed cost is always falling as output increases c variable cost only increases for a while and then it decreases d. fixed cost is always less than variable cost e. fixed cost is not paid once production begins
The difference between variable cost and fxed cost is that Select one: a. fixed cost is paid even when there is no output b. foxed cost is always falling as output increases c variable cost only increases for a while and then it decreases d. fixed cost is always less than variable cost e. fixed cost is not paid once production begins
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![The difference between variable cost and fixed cost is that
Select one:
a. fixed cost is paid even when there is no output
b. fixed cost is always falling as output increases
c variable cost only increases for a while and then it decreases
d. fixed cost is always less than variable cost
e. fixed cost is not paid once production begins](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F836ef94c-951e-412e-b763-3414d65b1aee%2F317b4895-2d23-471e-8dfa-ee26354ae9de%2Fnynfyvq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The difference between variable cost and fixed cost is that
Select one:
a. fixed cost is paid even when there is no output
b. fixed cost is always falling as output increases
c variable cost only increases for a while and then it decreases
d. fixed cost is always less than variable cost
e. fixed cost is not paid once production begins
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