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The Fed's Regulation Q
Variable Costs
Costs that vary directly with the level of production or output, such as materials and labor directly involved in production.
Production
The process of creating goods and services from various inputs such as labor, technology, and raw materials.
Variable Costs
Outlays that shift directly in line with the magnitude of output or production.
Production
The creation of goods and services using labor, technology, and inputs of raw materials to meet consumer demand.
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