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definition of variable cost
Variable costs are costs that change in proportion to the good or service that a business produces.
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Asked 10/21/2013 12:25:17 PM
Updated 9/30/2017 2:05:40 PM
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Edited by jeifunk [9/30/2017 2:05:40 PM]
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Variable costs are costs that change in proportion to the good or service that a business produces.
Added 9/30/2017 11:59:54 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/30/2017 2:05:41 PM]
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Questions asked by the same visitor
Demand is based on consumer purchase, whereas supply is based on A. producers offering products for sale. B. offering a wide range of prices. C. the willingness to purchase. D. the ability to purchase.
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Updated 9/22/2017 7:35:37 AM
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Demand is based on consumer purchase, whereas supply is based on producers offering products for sale.
Added 9/22/2017 7:35:37 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/22/2017 9:46:28 AM]
If a business’s fixed costs are large relative to its variable costs, it is likely to
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Updated 200 days ago|5/2/2018 1:55:32 PM
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If a business's fixed costs are large relative to its variable costs, it is likely to operate longer hours than a firm whose fixed costs are small relative to variable costs.
Added 200 days ago|5/2/2018 1:55:31 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [5/3/2018 9:27:52 AM], Masamune [5/3/2018 9:27:53 AM]
Profit is maximized when marginal cost is equal to marginal revenue. True or False.
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Updated 310 days ago|1/11/2018 9:42:42 PM
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Profit is maximized when marginal cost is equal to marginal revenue. TRUE.
Added 310 days ago|1/11/2018 9:42:42 PM
This answer has been confirmed as correct and helpful.
Marginal cost is
Weegy: Marginal cost is the change in total cost that comes from making or producing one additional item. (More)
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Updated 8/31/2015 7:56:40 PM
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.When the quantity supplied is greater than the quantity demanded, what is the condition known as? A. Excess supply B. Excess availability C. Abundant supply D. Disequilibrium
Weegy: When the quantity supplied is greater than the quantity demanded, what is the condition known as - Excess supply. (More)
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Updated 305 days ago|1/17/2018 4:36:31 AM
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