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Term Of The Hour

variable cost economics: Original post by David Ingram of Demand Media Economies of scale rely on variable costs decreasing as purchase volumes rise. http://photos2.demandstudios.com/DM-Resize/photos.demandstudios.com/getty/article/103/5/92573033.jpg?w=700&h=700&keep_ratio=1 Thinkstock/Comstock/Getty Images Variable costs, as the name implies, vary over time according to a range of factors. Variable costs differ…

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