Variable cost economics

variable cost  Variable costs associated with the production of goods or services include the cost of raw materials, labour costs, staff welfare costs, and Fixed costs are expenses that remain the same regardless of the level of production, while variable costs change based on the production output Rent,

An employee's salary would be considered a fixed cost, while sales commissions are variable While fixed costs do change over a long-term period, this change A business's variable costs decrease and increase with its production volume When production volume goes up, then the variable costs will increase On the

Variable expenses are the opposite of fixed expenses A variable expense may recur from month to month But the amount you pay in any given A variable cost is a cost that changes with the level of output or production In other words, it is a cost that increases as production increases and decreases