« previous next »

Author Question: What is meant by variable cost? What kinds of things might be included in variable cost? What ... (Read 180 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?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Refraction Through Uniform and Variable Thickness Glasses Refraction Through Uniform and Variable Thickness Glasses
The schematic of a variable valve timing control circuit, showing that battery power (+) is being ... The schematic of a variable valve timing control circuit, showing that battery power (+) is being ...
Variable Gases of the Atmosphere Variable Gases of the Atmosphere
How to solve a linear system when the variable is in the denominator position (Question 1 of 2) How to solve a linear system when the variable is in the denominator position (Question 1 of 2)
Summary of Single Variable Discrete Models Summary of Single Variable Discrete Models
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library