SwagGirl
Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

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 appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.