Advertising

Variable cost

• A cost that is directly proportional to the volume of output produced. When production is zero, the variable cost is equal to zero.

 
 

Follow this link for all the terms related to cost.

 
 Embedded terms in definition
 Production
Variable
Volume
 
 Related Terms
 

<< Variable annuity Variable expenses >>

How to Ace Your First Test Managing Real Money in the Real World: As a teen, you're beginning to make some grown-up decisions about how to save and spend your money. That's why learning the right ways to manage money…right from the start…is important. Here are suggestions. More...

The game of life is to come up a winner, to be a success, or to achieve what we set out to do. Yet there is always the danger of failing as a human being. - Richard Milhouse Nixon

Advertising



Copyright ©2009-2019 GVC. All rights reserved.