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Fixed are the cost that are not affected the by the fluctuations in the level of activity. As an example the rent cost of a apperal manufacturing company would be a typical example of a fixed cost in short run as rental is not affected by the level of activity that is produced.
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What is the method to calculate average fixed cost in economics?
To calculate average fixed cost in economics, you divide total fixed costs by the quantity of output produced. This gives you the average fixed cost per unit of output.
What does AFC stand for in economics?
average fixed cost
How is the average fixed cost determined in economics?
The average fixed cost in economics is determined by dividing the total fixed costs by the quantity of output produced. This calculation helps businesses understand the cost per unit of production that remains constant regardless of the level of output.
What is the meaning of fixed cost in economics?
the cost which is not change with production fixed cost example rent of factory , employee salaries in case of manufacturing unit , fixed electricity charge etc.
What is a cost that stays constant is a?
This is called a fixed cost.In economics, fixed costs are business expenses that are not dependent on the level of goods or services produced by the business.
What is a cost that stays constant for a process?
This is called a fixed cost.In economics, fixed costs are business expenses that are not dependent on the level of goods or services produced by the business.
How can one determine the fixed cost in economics"?
In economics, fixed costs can be determined by identifying expenses that do not change regardless of the level of production. These costs remain constant, such as rent or insurance payments. Fixed costs can be calculated by adding up all expenses that do not vary with production levels.
In economics what is a fixed cost?
Fixed Cost is the cost which remains constant at all levels of production during short period. It is the basic expenditure requirement of a business which is needed even at zero level of production. example: minimum telephone expenses
What is a cost that remains constant in a total at various levels of activity?
This is called a fixed cost.In economics, fixed costs, are business expenses that are not dependent on the level of goods or services produced by the business.
When fixed cost treated as relevant cost?
Fixed cost become relevent cost when a particular decision affects the fixed cost of production. For Example: Before Decision fixed cost $100 After Decision Fixed Cost $120 so in this case fixed cost also becomes relevent for decision making.
Does a curved line have a fixed value for its slope in economics?
No. This is true for any curved line, not just in economics.
Is capital a fixed cost?
capital is a fixed cost
