Difference between revisions of "Variable cost"

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(Created page with "Variable cost is any costs of production that increases with the quantity produced. ==Definitions== According to Principles of Economics by Timothy Taylor (3rd edition)...")
 
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
:[[Variable costs]]. Costs of production that increase with the quantity produced.
 
:[[Variable costs]]. Costs of production that increase with the quantity produced.
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According to [[Marketing Management by Keller and Kotler (15th edition)]],
 +
:[[Variable cost]]. Cost that varies directly with the level of production.
  
[[Category: Economics]][[Category: Articles]]
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[[Category: Marketing Management]][[Category: Economics]][[Category: Articles]]

Revision as of 21:18, 4 June 2020

Variable cost is any costs of production that increases with the quantity produced.

Definitions

According to Principles of Economics by Timothy Taylor (3rd edition),

Variable costs. Costs of production that increase with the quantity produced.

According to Marketing Management by Keller and Kotler (15th edition),

Variable cost. Cost that varies directly with the level of production.