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Q: What is a cost that does not change no matter how much of a good is produced?
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A government payment that supports a business or a market is?

A Subsidy.


What does marginal cost mc refer to?

the amount a firm's costs change when an additional good or service is produced


What type of cost is incurred regardless of how much of a good or service is produced?

This type of cost is known as a Fixed Cost: a cost that remains constant, regardless of any change in a company's activity.


What type of costs is incurred regardless of how much of a good or service is produced?

This type of cost is known as a Fixed Cost: a cost that remains constant, regardless of any change in a company's activity.


How do you derive the total cost function from the average cost function?

Average cost = Total cost / number of units of a good produced. So Total cost = Average cost X No. of units of a good produced


Cost of production that affects people who have no control over how much of a good is produced?

spillover cost


What is a critical factor in determining whether something gets produced as a public good?

Whether the benefits to society are greater than the total cost determines if something is produced for the public good. or cost


What is critical in determining whether something is produced a public good?

It is critical in determining whether something is produced a public good if the benefit is greater than the cost.


How did the Industrial Revolution change the way good were produced?

Boiling egg becouse its good to lick and yummy


What happens if didn't change oil filter?

Hopefully nothing will happen. You can get away with it here and there. The filter traps any foreign matter that might be in the engine. Chances are that the filter is still good, but change it the next time. The cost is not that much.


Why cost accounting is used instead of financial accounting?

cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced


Costs of a production that affect people who have no control over how much of a good is produced?

spillover cost