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What are the resources allocation under perfect competition?
In economics, perfect competition is a structure that allocates resources as efficiently as possible. When this happens, price and marginal cost are equal.
In economics what is cost?
cost of what you give up to get it
A perfect competition firm sells 15 units of output at the going market price of 10suppose it average fixed cost is 15 and its average variable cost is 8what is its contribution of fixed cost?
Selling price = 10 Variable cost = 8 Contribution = 2 per unit
How do you find the selling price?
cost price multiply by profit then add the answer to the cost price =selling price
Is selling price and total variable cost the same?
Selling price = Total Cost (Total Variable cost + Total fixed cost) + profit margin
What are the resources allocation under perfect competition?
In economics, perfect competition is a structure that allocates resources as efficiently as possible. When this happens, price and marginal cost are equal.
When the cost of producing an item is greater than the selling price what is this called in terms of economics?
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In economics what is cost?
cost of what you give up to get it
What do you understand by element of cost?
what do you understand by element of cost
Define cost price and selling price?
define cost and selling price
Was the Punic wars worth the cost?
To Rome it was - it emerged in control of the Western Mediterranean, and with a springboard into the Eastern Mediterranean. To the Carthaginians, no, Rome finished off their competition by selling them all into slavery.
Is selling cost a period cost?
Yes selling cost not directly relate to production of units that's why it is period cost.
A perfect competition firm sells 15 units of output at the going market price of 10suppose it average fixed cost is 15 and its average variable cost is 8what is its contribution of fixed cost?
Selling price = 10 Variable cost = 8 Contribution = 2 per unit
Are sales commissions classified as period costs?
They are classified as a selling cost or nonmanufactoring cost. They are classified as a selling cost or nonmanufactoring cost.
Who do you get percentage of loss to ratio?
% loss = ((selling price - cost)/cost x 100 Ratio of loss to cost? (selling price - cost)/cost
How does the cost of production and the selling price affect the profit?
As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.
What is the average selling cost>?
What is the actual selling price?
