Variable cost | Topics | tutor2u Economics

Variable costs vary directly with output. I.e. as production rises, a firm will face higher total variable costs because it needs to purchase extra resources to achieve an expansion of supply. Examples of variable costs include the costs of raw materials, labour costs and consumables.


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  • This comprehensive collection of over 160 practice exam-style multiple choice questions covers a variety of Theory of the Firm topics for the second year of linear A Level Economics.

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    Microeconomics - Theory of the Firm (A Level Economics Year 2) Practice MCQs
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    Essential A Level Economics: Year 2 (Micro) - Costs of Production
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