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Variable costs (view source)

Revision as of 02:09, April 22, 2007

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New page: Variable costs are expenses that vary directly with the size of a firm's output. As output increases over the range of production, the variable costs fluctuate. Variable costs include ra...
Variable costs are expenses that vary directly with the size of a firm's output. As output increases over the range of production, the variable costs fluctuate. Variable costs include raw materials, labor, fuel, and wear and tear on equipment.
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