Economy, asked by janetolawunmiakinwal, 7 months ago

how will an increase in variable costs affect the profitability of the business in the economy

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Answered by Anonymous
29

Answer:

Fixed costs are expenses that do not change based on production levels; variable costs are expenses that increase or decrease according to the number of items produced. Both fixed and variable costs have a large impact on gross profit—an increase in expenses to produce goods means lower gross profit.

Answered by Anonymous
13

Fixed costs are expenses that do not change based on production levels; variable costs are expenses that increase or decrease according to the number of items produced. Both fixed and variable costs have a large impact on gross profit—an increase in expenses to produce goods means lower gross profit.

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