Economics

Running head : ECONOMICS[Author][University]Variable embody - delimit as the fiscal value of oerhead , labor or inputs that lurchs found on the playscript of work units (King , 2007 . Moreover this is also defined as the expenses of a businesses firm or producer that change in resemblance to the activity of the business or simply the factors of production that changes over a short period of time immovable Cost - this atomic number 18 be of the business firms that do not vary based on the volume of production or sales levels . This whitethorn let in rent property tax touch expense or anything that are considered to be a hail on the character of the company on the long spiel . Another commentary of quick-frozen cost would be it is the compensation that is unchanging proportional to the activity of the business or pro ducerMarginal Cost - is the unit change in output as This is fundamentally the change in the is a unit change on the amount produced . mathematically , marginal cost is the derivative of the fairish Cost - is defined as the quotient between the dividing were utilized in the production exhibit . value of all the inputs that were utilize in to produce a certain good or availsold of a business in the market .

This is sometimes being related to to of the Based from the devoted definitions of some of the key terms in the production serve , it would be better if price and quantity of goods and services in the market for it includes in itself all of the inputs that were used in to produced a certain good or service . Moreover , any ! slight changes in the prices of inputs of the business , whitethorn it be fixed or uncertain cost , the businesses end easily lay the prices of their goods which provide flexibility on the region of the businesses . Moreover , businesses do not have control over the prices of their inputs especially the variable costs and using would provide nice room for the businesses to determine to the said external shock by dint of increasing their mark-up in not to affect their profitabilityReferenceKing , W (2007 . Fixed and Variable cost . Retrieved March 4 , 2008 , from HYPERLINK hypertext transfer protocol /william-king .www .drexel .edu /top /Prin /txt /Cost /cost2 .html http /william-king .www .drexel .edu /top /Prin /txt /Cost /cost2 .html PAGE \ MERGEFORMAT 3...If you inadequacy to get a full essay, order it on our website: OrderEssay.net

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