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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.
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What does AFC stand for in economics?
average fixed cost
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.
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.
What is land in economics terms?
In economics, land comprises all naturally occurring resources whose supply is inherently fixed
How do you calculate your variable cost and fixed cost given total costs and sales volumes?
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
What does AFC stand for in economics?
average fixed cost
What is fixed cost in economics?
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.
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.
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.
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.
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.
Is capital a fixed cost?
capital is a fixed cost
Fixed cost variable cost equals?
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost
What is land in economics?
In Economics, land comprises all naturally occurring resources whose supply is inherently fixed
What is the meaning of frozen cost?
A frozen cost is normally a cost that is a fixed price. Frozen costs usually represent the cost of producing a base product before added revenue boosters.
