Explain The Difference Between Fixed And Variable Costs

Explain The Difference Between Fixed And Variable Costs

Explain the difference between fixed and variable costs for a healthcare organization. Provide and discuss at least one example of a fixed cost in health care and one example of a variable cost in health care.

Your response must be at least 200 words in length.

Solution Preview

The fixed and variable costs are the major costs which companies have to incur to produced commodities and services. Therefore, the total costs of business entities are a combination of the fixed and variable costs. Nevertheless, the two set of costs are different, thus…

(301 Words)