how i can reply to this Is rent a fixed or variable cost? Explain. 1.Rent is a fixed cost, the reason why I think its fixed is because they are expenses that will remain the same no matter if the production is increasing or decreasing. Is rent an implicit or explicit cost? Explain. 2.Rent is an explicit cost because it is an expense that organizations pay so they're able to be operational. Examples of explicit cost are also the cost of utility, and cost of the workers as well. Is labor a fixed or variable cost? Explain. 3.Labor is a variable cost because it will change depending on if they're producing more goods, this would result in them needing more workers or giving the workers more hours.If they're not producing as much they wouldn't be needing as many workers. Is labor an implicit or explicit cost? Explain. 4.Labor is an explicit cost because these are costs that are out of pocket costs. These are wages that they pay their employees