Skip to content

Course home

x
Sign up
x

Fixed, Variable and Total Costs

Fixed, Variable and Total Costs

Total fixed cost, TFCTFCTFC, does not vary with output in the short run, with examples including rent and insurance. Total variable cost, TVCTVCTVC, changes as output changes, with examples including raw materials and wages paid to extra production workers.

3.3.2 Costs Lesson

  1. A Level
  2. /Economics
  3. /3.3.2 Costs

Step-by-step lessons on Edexcel A A Level Economics 3.3.2 Costs. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons