States the term fixed cost in briefly
States the term fixed cost in briefly.
Expert
Fixed Cost:
This cost is those costs that do not vary with the volume of production. Fixed costs stay fixed or constant up to an exact level of production. Even though the production is zero that a firm will have to incur fixed costs. Illustrations are rent, depreciation, interest, insurance and salaries. The fixed costs are as well termed as supplementary costs; period costs capacity costs or overhead costs.
The supply of certain types of labor is determined through the: (w) skills of potential workers. (x) the availability of other workers. (y) the prices of output. (z) production technology. I need a good answer on the topic of
Define naive method and its techniques briefly.
An investment in specific human capital arises while: (w) Chandra learns Japanese to be eligible for a potential job in Tokyo. (x) Chele has a face lift so she can increase her fees for high-fashion modeling. (y) Chelsea practices playing a harp and a
The capability of otherwise qualified workers to involve in particular careers or enter specific professions is probably most inhibited from: (1) occupational licensing. (2) wage discrimination. (3) segregation in our school system. (4) union labor contracts. (5) scre
What are the types of price discrimination?
What are the objectives and importance (Uses) of managerial Economics?
Cheating on agreements is a common problem along with firms which engage in the formation of: (1) predatory prices. (2) game theory groupings. (3) cartels. (4) pure competition. (5) asymmetric payoffs. Can someone explain/help me w
The relationship between the elasticity of demand for labor and the elasticity of demand for a specific type of output the labor produces is: (1) uniformly negative. (2) uniformly positive. (3) zero. (4) curvilinear. (5) highly variab
French toast and pancakes and both are close substitutes. Assume that good weather yields a bumper crop of pancakes and decreases the price of pancakes. Into the market for French toast: (1) equilibrium price and quantity both increase.(2) competition increases the su
Occupations along with the highest percentage of women workers tend to: (1) pay the highest wages. (2) need relatively more human capital and experience. (3) pay the lowest wages. (4) require very small human capital or experience.
18,76,764
1942848 Asked
3,689
Active Tutors
1456693
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!