What is fixed cost, variable cost, capital cost
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Fixed costs often include rent, buildings, machinery, etc. Variable costs are costs that vary with output. Generally variable costs increase at a constant rate relative to labor and capital. Variable costs may include wages, utilities, materials used in production, etc.
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kaushik69:
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fixed cost :- fixed cost are often include rent ,buildings ,machinery etc..
variable cost are cost that vary with output general variable cost increase at a constant rate related to labour and
capital variable cost may include wedges utilites materials used in production etc..
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