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Question
Which cost increases continuously with the increase in production?
Which cost increases continuously with the increase in production?
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Solution
The correct option is B Variable cost
Variable costs such as wages, raw material costs etc are direct costs that are directly proportional to the production process they do not have to be paid if the firm produces 0 output.
Variable costs such as wages, raw material costs etc are direct costs that are directly proportional to the production process they do not have to be paid if the firm produces 0 output.
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