Average Variable CostIn economics, average variable cost (AVC) is the variable cost per unit. Variable costs are such cost which vary directly with change in output. AVC equals total variable cost divided by output.A firm’s composition of variable costs depends on the time period being conside...
(Economics) a cost that varies directly with output Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 Translations --- Select a language: Want to thank...
(Economics) a cost that varies directly with output Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 Translations --- Select a language: Want to thank...
economics.fundamentalfinance.comVariable & Fixed CostVariable Costs and Fixed Costs All the costs faced by companies can be broken into two main categories: fixed costs and variable costs. Fixed costs are costs that are independent of output. These remain constant throughout the relevant range ...
variable cost Integrating Variable Risk Preferences, Trust, and Transaction Cost Economics Taxing Variable Cost: Environmental Regulation as Industrial Policy Inventory model with stock-level dependent demand rate and variable holding cost The use of a variable cost function in the regulation of the Itali...
Average variable cost是什么意思 释义 平均可变成本,平均变动成本; Average variable cost英英释义 Average variable cost In economics, average variable cost (AVC) is a firm's variable costs (labor, electricity, etc.) divided by the quantity (Q) of output produced. ...
In the field of economics, the term “average variable cost” describes the variable cost for each unit. Variable costs are those that vary with changes in output. Examples of variable costs, otherwise known asdirect costs, include some forms of labor costs, raw materials, fuel, etc. This ...
Cost of raw materials Hourly cost of labor Salaries of manufacturing workers Variable costs of electricity used to run a plant in manufacturing mode This also includes any direct fixed costs, such as: The mortgage payment on a building used for manufacturing ...
Understand variable cost in business. Learn the definition of variable cost, the variable cost formula, and how to use the formula to calculate the...
Variable costs and fixed costs, in economics, are the two main types of costs that a company incurs when producing goods and services. Find out their differences.