Difference between revisions of "Variable costs"
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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...) |
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Revision as of 02:09, April 22, 2007
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.