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Glossary > V > "Variable cost" Definition

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.

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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.

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.