long-term contracts are costly to write.
The process a firm uses to turn inputs into outputs.
how it will produce the goods or services
how it will produce the goods or services
Once a firm knows what is it should produce what must it then decide
The variable costs.
The process a firm uses to turn inputs into outputs.
To produce goods and services
To produce goods and services
how it will produce the goods or services
how it will produce the goods or services
how it will produce the goods or services
how it will produce the goods or services
When a firm doubles its inputs, outputs also double. The increase in output is exactly proportionate to the increase in inputs
Once a firm knows what is it should produce what must it then decide
Capacity costs (committed costs) give a firm the capability to produce or to sell,
Market Produce Sale
The variable costs.