Difference between revisions of "Total variable cost"
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(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...) |
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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. | ||
| − | For example, total variable costs include fuel, labor and | + | For example, total variable costs include the expenses of fuel, labor and raw materials. |
Revision as of 15:45, May 4, 2007
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 the expenses of fuel, labor and raw materials.