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... > social science subjects > health and social care > medical science > medicine > clinical medicine > medical decision making > health outcomes and measurement > fixed versus variable costs
... > other subjects > natural sciences > life sciences > medical science > medicine > clinical medicine > medical decision making > health outcomes and measurement > fixed versus variable costs

Preferred term

fixed versus variable costs  

Definition

  • Costs refer to the economic input required to achieve a certain outcome, that is, the amount one spends to produce a service or a product, or the value imputed to a resource. Costs are distinguished from charges, which are the prices of services and do not reflect the actual costs of all inputs. [Source: Encyclopedia of Medical Decision Making; Costs, Fixed versus Variable]

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https://concepts.sagepub.com/social-science/concept/fixed_versus_variable_costs

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