SwagGirl
Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

To improve productivity, a local bakery rents a machine that mixes, partitions, and then bakes dough for a variety of pastries. The machine costs the business $2,500 per month to rent and operate, regardless of output. The cost of renting the machine is classified as _____.(1 point)

A. marginal revenue
B.a variable cost
C. a fixed cost
D. marginal cost

Sagot :

adioabiola

Cost refers to the total amount of money spent on the production of a particular units of product at a particular time.

The cost of renting the machine is classified as variable cost.

Types of cost:

  • Fixed cost : This is a type of cost that does not change with changes in production. This means, fixed cost remains constant during production. Examples: cost of machinery, cost of land, cost of building.

  • Variable cost: This type of cost changes with change in production. Examples; cost of raw material, salaries of employees, cost of renting machine etc.

  • Marginal cost: It changes with the changes in additional units of inputs in production.

Read more:

https://brainly.com/question/14872023

Answer:

The correct answer is a fixed cost

Explanation:

We hope this was helpful. Please come back whenever you need more information or answers to your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.