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How to find the total cost in economics and what factors should be considered in the calculation"?
To find the total cost in economics, add up all the expenses incurred in producing a good or service. Factors to consider in the calculation include fixed costs, variable costs, and opportunity costs. Fixed costs are expenses that remain constant regardless of production levels, while variable costs change with production. Opportunity costs refer to the value of the next best alternative foregone.
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How can one determine the total revenue in economics and what factors should be considered in the calculation process"?
To determine total revenue in economics, multiply the price of a product by the quantity sold. Factors to consider in the calculation process include changes in price, quantity sold, and any discounts or promotions that may affect revenue.
Should you drop economics for pyschology?
should i drop economics for psychology
Should economics become a science?
Economics is a science.
How do you calculate inventory holding cost and what factors should be considered in the calculation?
Inventory holding cost is calculated by adding up all the expenses associated with storing and managing inventory, such as storage space, insurance, handling, and obsolescence. Factors to consider in the calculation include the cost of capital tied up in inventory, the length of time inventory is held, and any potential risks or fluctuations in demand that could impact the cost of holding inventory.
Where can one find information about development economics?
Some advanced economics textbooks discuss development economics. One's local library should have a wide variety of economics books to check out and reasearch development economics.
How can one determine the total revenue in economics and what factors should be considered in the calculation process"?
To determine total revenue in economics, multiply the price of a product by the quantity sold. Factors to consider in the calculation process include changes in price, quantity sold, and any discounts or promotions that may affect revenue.
How to calculate thermal diffusivity and what factors should be considered in the calculation?
To calculate thermal diffusivity, divide the thermal conductivity of a material by its density and specific heat capacity. Factors to consider in the calculation include the material's composition, temperature, and physical state.
How do you calculate pressure in a pipe and what factors should be considered in the calculation?
To calculate pressure in a pipe, you can use the formula: Pressure Force/Area. Factors to consider in the calculation include the flow rate of the fluid, the diameter and length of the pipe, the viscosity of the fluid, and any obstructions or bends in the pipe that may affect the flow.
How to calculate velocity in a pipe and what factors should be considered in the calculation?
To calculate velocity in a pipe, you can use the formula: velocity flow rate / cross-sectional area of the pipe. Factors to consider in the calculation include the diameter of the pipe, the type of fluid flowing through it, and any obstructions or bends in the pipe that may affect the flow.
What other factors should be considered by congress in approving a justice?
What other factors should be considered by congress in approving a justice?
What basic factors should be considered in any ethical decision?
Basic factors that should be considered in any ethical decision are the the truth and fairness
What factors should be considered when choosing a car cleaning brush?
Factors such as the size of the brush should be considered when purchasing a car cleaning brush. Similarly the length and strength of the brush's bristles should also be considered, as should the price.
What are the key factors that were or should have been considered by management?
The key factors that should be considered in management include employee training, welfare, and the importance of measurable outcome.
Should you drop economics for pyschology?
should i drop economics for psychology
What are the factors should be considered in good grooming?
Daily bathing
What key factors should be considered when assessing a soldiers risk for POV?
The key factors considered when assessing a solder's risk in a privately owned vehicle (POV) are the same as any person in another profession. The factors that should be considered are: primary cause of the accident, contributing factors, factors increasing the severity of damage or injuries, and factors which could cause an accident in the future if left uncorrected.
How do you calculate inventory holding cost and what factors should be considered in the calculation?
Inventory holding cost is calculated by adding up all the expenses associated with storing and managing inventory, such as storage space, insurance, handling, and obsolescence. Factors to consider in the calculation include the cost of capital tied up in inventory, the length of time inventory is held, and any potential risks or fluctuations in demand that could impact the cost of holding inventory.
