Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:Variable cost is incurred before production is started.
Answer» No. Variable costs are the expenditure incurred by the producer on the use of variable factors of production. These are incurred only after output actually starts.

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