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An example of a variable cost is: Select one: 1. a payment to your raw materials supplier. 2. a lease payment on a piece of equipment. 3. a mortgage payment on buildings. 4. a monthly licensing fee for
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An example of a variable cost is: Select one: 1. a payment to your raw materials supplier. 2. a lease payment on a piece of equipment. 3. a mortgage payment on buildings. 4. a monthly licensing fee for a software package.

User Parth Trivedi
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Answer:

a payment to your raw materials supplier

Step-by-step explanation:

variable cost is cost that varies with output. If a producer decides to reduce quantity produced, he would pay less for raw materials and if he wants to increase output, he would pay more for raw materials.

fixed cost is cost that does not vary with output. it is constant no matter the units produced. the other options are examples of fixed costs.

User Wlada
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