Total costs in the short-term are classified into fixed costs and variable costs. Which one of the following is a variable cost?
A). Cost of raw material
B). Cost of equipment
C). Interest payment on past borrowing
D). Payment of rent on buildings
Cost of raw material
Total costs in the short-term are classified into fixed costs and variable costs. Cost of raw material is a variable cost. Variable costs vary based on the amount of output, while fixed costs are the same regardless of production output.
2. The GDP growth rate in the fiscal 2002 was
6. Question 3:Why are employment generation programmes important in poverty alleviation in India?
7. Efficient marketing style requires
8. Question 5:Why is agricultural diversification essential for sustainable livelihoods?
10. On which one of the following issues IMF has supported monetary policy of India?