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What is the relationship between cost and value?
Sacrifice and Worth. If it's worth, you will sacrifice. If its sacrifice, it is worth.
How much is basic cable?
The cost of basic cable varies between different companies. As of 2014, the average cost of basic cable is between $15 and $20.
Explain the relationship between inventory turnover and purchasing needs?
The more rapid the turnover of inventory, the greater the need for purchase and replacement. Rapidly turning inventory makes for somewhat greater ease in foreseeing future requirements and reduces the cost of carrying inventory.
What is the relationship between oil price and GDP of a country?
Well we know that oil prices are a major cost for firms and consumers. When oil prices increase consumption and investment will fall, leading to a fall productivity and in aggregate demand, which we all know is equivalent to GDP.... right?
How much does a cow cost in Africa?
The average cost for a cow in Africa is typically between $325 and $500. The cost will depend on the specifics of the cow, as well as location.
What is the cost per unit on a graph of y axis and x axis?
The cost per unit on a graph typically represents the relationship between total cost (y-axis) and quantity produced or sold (x-axis). To find the cost per unit, you can divide the total cost by the number of units produced, which is often represented as a slope on the graph. In a linear graph, the slope indicates the cost per unit, showing how total costs change with varying production levels.
What is the relationship between production possibility frontier and opportunity cost?
An opportunity cost is the alternative choices that can be made with the allocation of scarce resources. A production possibility frontier is a graph illustrating those opportunities and comparing their results.
Relationship between fixed cost and variable cost?
There is a huge relationship between fixed cost and variable cost. These two costs are the opposite of each other.
What is meant by realize experience curve?
An experience curve is a graph that shows the relationship between cumulative production quantity and the production cost. It takes into account both variable and fixed costs.
What is an proportional graph?
A proportional graph visually represents the relationship between two variables that have a constant ratio. In such a graph, as one variable increases or decreases, the other variable changes in direct proportion, resulting in a straight line that passes through the origin (0,0). This type of graph is useful for illustrating direct relationships, such as speed and distance or cost and quantity. The slope of the line indicates the rate of change between the variables.
How can one calculate opportunity cost from a graph?
To calculate opportunity cost from a graph, you can determine the slope of the graph, which represents the trade-off between two choices. The opportunity cost is the value of the next best alternative that is forgone when a decision is made. By analyzing the slope of the graph, you can identify the opportunity cost of choosing one option over another.
What is the relationship between producer surplus and a monopoly graph?
In a monopoly graph, producer surplus is the difference between the price the producer receives for a good or service and the cost of producing it. In a monopoly, the producer has more control over pricing and can charge higher prices, leading to a larger producer surplus compared to a competitive market.
What is the relationship between total cost curve and variable cost curve?
estimated cost
What is the relationship between long-run average cost curve and short-run average cost curve?
what is the relationship between long run average cost curve and short run average cost curve?
What is the relationship between the MSB, MSC, and graph in the context of economic analysis?
In economic analysis, the relationship between Marginal Social Benefit (MSB), Marginal Social Cost (MSC), and the graph is important for understanding the efficiency of a market. The MSB represents the additional benefit society receives from one more unit of a good or service, while the MSC represents the additional cost society incurs from producing one more unit. The graph typically shows the intersection of MSB and MSC, which is the socially optimal level of production where the benefits equal the costs. This point is known as the equilibrium point and is where resources are allocated efficiently.
What is the relationship between total fixed cost and output?
What is the relation ship between total fixed cost and output?
Relationship between marginal cost and average total cost?
The cost curves best tells us the relationship between the marginal cost and average total cost. The average fixed cost (AFC) curve will decline as additional units are produced, and continue to decline.
