The product establishes the cost curve or the relationship between costs and outputs. Costs are influenced by the need and function of a certain product.
What is the relation ship between total fixed cost and output?
estimated 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.
Varable cost and fixed cost
The product establishes the cost curve or the relationship between costs and outputs. Costs are influenced by the need and function of a certain product.
What is the relation ship between total fixed cost and output?
what is the relationship between marginal physical product and marginal cos
estimated 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.
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Varable cost and fixed cost
Margianal cost curve crosses the average total cost curve at the lowest point on the average total cost curve to be socially and ecomonical efficient.
total product that needs to sell to cover total costs
The cost is the amount of money to produce something or to buy something, while value is the consumer's expectation of the product quality to the actual cost paid for it.
The fixed cost is relevant in determining price of a product. This is a cost that is associated with the product and will contribute to the total production cost of a product.
Unit Cost: It is the cost utilized to manufacture one unit of product Total Cost: It is the cost utilized to manufacture specific volume/ number of units of product Example: 10000 cost spent on production of 1000 units of product so 10000 is a total cost & 10000/1000 = 10 is a unit cost