The two components of are variable costs and fixed costs a. entire cost b. total cost c. complete cost d. required cost

The two components of total cost are variable costs and fixed costs. Correct B

  Variable costs or expenses are expenses that change as conditions change. They increase or decrease depending on a company's production volume (they rise as production increases and fall as production decreases). Fixed costs on the other hand are e                 xpenses that do not change and remain the same regardless of an increase or decrease in the number of goods or services sold or produced.

answer; proclamation of 1763;