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.
Illustrates the differences between Sunk Cost and Incremental cost?
Does managerial economic as a tool for Forward Planning? Explain this term briefly.
Illustrates the important question regarding the managerial economics?
Illustrates the pricing policies briefly?
Illustrates the responsibilities of managerial economists?
Illustrates the pricing policy and practices?
Derived demand refers to: (w) consumer demand for products, based on expected utility. (x) government demand for social goods, based upon tax revenue. (y) business demand for resources, based upon consumer demand for products. (z) supplier demand for
explain the different phases of business cycle
When the income effect of a wage raise is more powerful than the substitution effect, in that case the: (i) labor supply curve will be “backward bending.” (ii) unemployment rate will rise since more people will be av
Explain the Geometric Method of Measurement of Elasticity.
18,76,764
1927191 Asked
3,689
Active Tutors
1427344
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!