Difference between revisions of "Variable cost"
(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. | ||
| + | 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]] | + | [[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.
