**Question:**Which of the following is most likely to be a variable cost for a firm?**Options:**- O an annual payment for insurance on the firm's plant- O the interest payments made on equipment loans- O the monthly rent on office space that it leased for 5 years- O the wages paid to workers. **Navigation:**- Previous - Next **Explanation:** The image presents a question on identifying variable costs for a firm, with four multiple-choice options provided. Variable costs are expenses that change in proportion to the activity of a business. Wages paid to workers can often fluctuate based on the number of hours worked or production levels, making them a typical variable cost.

Fixed cost does not depend on production whereas variable cost does. Variable cost increases with…

Which of the following is most likely to be a variable cost for a firm? an annual payment for insurance on the firm's plant O the interest payments made on equipment loans O the monthly rent on office space that it leased for 5 years O the wages paid to workers. • Previous NOV ZE tv 21 ....

Which of the following is most likely to be a variable cost for a firm? an annual payment for insurance on the firm's plant O the interest payments made on equipment loans O the monthly rent on office space that it leased for 5 years O the wages paid to workers. • Previous NOV ZE tv 21 ....

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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