« previous next »

Author Question: What is meant by variable cost? What kinds of things might be included in variable cost? What ... (Read 158 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
on: Jun 29, 2018
What is meant by variable cost? What kinds of things might be included in variable cost?
 
  What will be an ideal response?

Question 2

What is a laissez-faire economy?
 
  What will be an ideal response?


aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

Variable cost is a cost that depends on the level of production chosen. Examples would include the costs of materials, hourly labor, and electricity.

Answer to Question 2

A laissez-faire economy is one in which individuals and firms pursue their own self-interests without any central direction or regulation.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

karlynnae

  • Hero Member
  • *****
  • Posts: 599
Reply #2 on: Jun 29, 2018
Correct answers!


aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Variable expressivity Variable expressivity
Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
Variable Gases: Carbon Dioxide Variable Gases: Carbon Dioxide
How to rearrange formulas to isolate for a variable (Part 2) How to rearrange formulas to isolate for a variable (Part 2)
Cost Accounting 14 Cost Accounting 14
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
Video: Biological organic compounds

For a complete list of videos, visit our video library