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VARIABLE COSTS

Statistics Directorate    
Definition:
Variable costs are costs that vary with the amount produced. Examples are materials, fuel, production labour and maintenance. As the relevant time period is extended, more costs become variable.

Source Publication:
Glossary of Industrial Organisation Economics and Competition Law, compiled by R. S. Khemani and D. M. Shapiro, commissioned by the Directorate for Financial, Fiscal and Enterprise Affairs, OECD, 1993.

Cross References:
Costs
Fixed costs

Hyperlink:
http://www.oecd.org/dataoecd/8/61/2376087.pdf

Statistical Theme: Financial statistics

Created on Thursday, January 3, 2002

Last updated on Wednesday, January 4, 2006