Question

In: Economics

The insurance cost for a large factory would be considered a: Multiple Choice unit-level cost. batch-level...

The insurance cost for a large factory would be considered a: Multiple Choice unit-level cost. batch-level cost. product-level cost. facility-level cost.

Solutions

Expert Solution

Option D.

  • The insurance cost for a large factory would be considered facility level cost.
  • Facility level costs are those costs that are Incurred by a factory or a firm in whole inorder to support them.
  • It is not related to any product, batch or unit of goods, rather it includes the costs like building rent, insurance, administrative costs etc.

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