Question

which one of these expenses most likely represents a variable cost in someones budget?
○ a electricity bill
○ b rent
○ c car insurance premium
○ d student loan payment

Explanation:

A variable cost changes based on usage. The electricity bill depends on how much electricity is consumed. Rent is usually a fixed amount. Car insurance premium is often fixed (unless there are changes in policy which are not usage - based in a short - term budget sense). Student loan payment is typically a fixed amount per period.

Answer:

A. Electricity bill