« previous next »

Author Question: What is meant by variable cost? What kinds of things might be included in variable cost? What ... (Read 163 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?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Peter Fischli and David Weiss, Der Lauf der Dinge (The Way Things Go). Peter Fischli and David Weiss, Der Lauf der Dinge (The Way Things Go).
Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Cataract

For a complete list of videos, visit our video library