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Gagan Mishra

Job Interview Skills
English
2 years ago

43. Explain Fixed, Variable And Semi-variable Costs?

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Abhishek Mishra

2 years ago

The fixed cost refers to a cost that doesn't change regardless of the production output. In contrast, a variable cost is one that depends solely on the level of output. A semi-variable cost therefore combines the features of a fixed cost and a variable cost.

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