The total cost off wwi was altogether 186,3 billion dollars.
$30,000,000,000 for damage cost at the end of WWI
Overhead cost is part of total cost and not different from total cost as formula is as follows: Total cost = material cost + labor cost + overhead cost
Formula for Total Cost: Fixed Cost + Variable Cost + Semi-Variable Cost if there is no semi-variable cost then fixed cost + variable cost is a total cost. if we devide the total cost with volume as well then it will be cost per unit not total cost
Total US deaths in WWI; 57,476
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
Selling price = Total Cost (Total Variable cost + Total fixed cost) + profit margin
total variable cost
Total cost is fixed cost + variable cost (TC=FC + VC)
Yes, the marginal cost is the derivative of the total cost.
To calculate the Total Cost without Total variable cost, one should estimate for the variables or substitute for the variables with a variable such as X or Y and then solve for the approximate total cost.
Marginal cost is the additional cost incurred by producing one more unit of a good or service. It is calculated by dividing the change in total cost by the change in quantity produced. Total cost, on the other hand, is the sum of all costs incurred in producing a certain quantity of goods or services. The relationship between marginal cost and total cost is that marginal cost affects the total cost by showing how much the cost increases when producing additional units. When marginal cost is less than average total cost, total cost decreases. When marginal cost is greater than average total cost, total cost increases.
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.