Variable cost
Revision as of 21:18, 4 June 2020 by MariamKhalid (talk | contribs)
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.
