UGC NET
Ayushi Asked a Question
August 10, 2020 6:11 pmpts 30 pts
  • UGC NET
  • Economics

21. total cost in the short run is classified into fixed costs and variable costs. which one of the following is a variable cost ? cost of row materials (2) cos

21. Total cost in the short run is classified into fixed costs and variable costs. Which one of the following is a variable cost ? Cost of row materials (2) Cost of cquipment (3) Interest payment on past borrowings (4) Payrnent of rent on building
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  • Nidhi taparia Best Answer
    The question seems tricky at first so let's try to attempt it using elimination method. Option (2) is definitely a fixed cost because equipment qualifies as fixed factor. It canno...
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