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1 December, 09:19

Variable costs are:

sunk costs.

the change in total cost associated with the production of an additional unit of output.

costs that change every day.

costs that change with the amount of output a firm produces.

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  1. 1 December, 09:52
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    the change in total cost associated with the production of an additional unit of output.

    Explanation:

    A variable cost is a cost that changes in relation to variations in an activity. In a business, the "activity" is frequently production volume.
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