Question

Define variable cost ?Explain the behaviour of total variable cost as output increases.​

Answer 1

Answer:

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Explanation:

The total variable cost is the cost that varies with the change in the level of output and hence it increases as output increases and decreases as output decreases.

Answer 2

Explanation:

The total variable cost is the cost that varies with the change in the level of output and hence it increases as output increases and decreases as output decreases.