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What is the total product that needs to sell to cover total cost?
Wiki User
∙ 13y ago
Break-Even Point
Wiki User
∙ 13y ago
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What is total revenue?
quantity sold x cost of product
When the total product curve is falling?
you have witnessed a downfall in the cost curve
Is real cost and money cost is similar?
Real cost and money cost is not similar.Real costs are actually much broader in scope and cover all the aspects of sacrifice involved in acquiring a product.
What is the difference between average costs and marginal costs?
This is the economic distinction equivalent to fully absorbed cost of product and variable cost of product. Average cost is total cost divided by number of units. Marginal cost is the cost to produce the next unit (or the last unit
Why does marginal cost rise as production increases?
Marginal cost is equal to the ratio of change in total cost or total variable cost to change in quantity of output. Marginal cost increases as total product increases since it reflects the law of diminishing marginal returns.
What is Total Product Cost?
total product that needs to sell to cover total costs
Total product that needs to sell to cover total cost?
Break-even point
Is fixed cost relevant in determining price of a product?
The fixed cost is relevant in determining price of a product. This is a cost that is associated with the product and will contribute to the total production cost of a product.
What is unit cost and total cost?
Unit Cost: It is the cost utilized to manufacture one unit of product Total Cost: It is the cost utilized to manufacture specific volume/ number of units of product Example: 10000 cost spent on production of 1000 units of product so 10000 is a total cost & 10000/1000 = 10 is a unit cost
Me. Switzer needs to buy new 1 -foot tiles to cover his bathroom floor. The floor is 12 feet long and 8 feet wide . Each square foot of tile will cost $1.79. In dollars, What will be the total cost of the tiles he needs to buy?
171.84
What is total revenue?
quantity sold x cost of product
Why didn't Medicare cover the total reading of your mammogram?
Medicare doesn't cover the complete cost of anything.
When the total product curve is falling?
you have witnessed a downfall in the cost curve
Is indirect labor is a part of what cost?
Indirect labor is part of overhead costs and included in total product cost.
What is customers needs?
Customer needs is what the Customer needs!
Is real cost and money cost is similar?
Real cost and money cost is not similar.Real costs are actually much broader in scope and cover all the aspects of sacrifice involved in acquiring a product.
What do fixed selling costs include?
The total cost of marketing, advertising, and selling a product.
