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Total variable cost (view source)

Revision as of 15:45, May 4, 2007

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Total variable cost (TVC) is the cost that depends directly on the amount of output of a firm.  It increases as output increases.
 
Total variable cost (TVC) is the cost that depends directly on the amount of output of a firm.  It increases as output increases.
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For example, total variable costs include fuel, labor and cost of raw materials.
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For example, total variable costs include the expenses of fuel, labor and raw materials.
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