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Total variable cost (view source)

Revision as of 15:39, May 4, 2007

211 bytes added ,  15:39, May 4, 2007
New page: Total variable cost (TVC) is the cost that depends directly on the amount of output of a firm. It increases as output increases. For example, total variable costs include fuel, labor and...
Total variable cost (TVC) is the cost that depends directly on the amount of output of a firm. It increases as output increases.

For example, total variable costs include fuel, labor and cost of raw materials.
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