A firm's total variable cost will depend on:

Name: A firm's total variable cost will depend on:
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A firm's total variable cost depends on all three factors listed: the prices of variable resources, the production techniques that are used, and the level of output. As output increases, total variable cost will generally increase, while the prices of variable resources and the production techniques used may vary depending on a number of factors.

A Firm's Total Variable Cost Will Depend On