Log In Sign Up Subjects Business Economics Average cost The difference between the ATC and the AVC must represent the AFC. a. true b. falseQuestion:The difference between the ATC and the AVC must represent the AFC. a. true b. false...
Total Cost | Definition, Formula & Calculation from Chapter 3 / Lesson 16 557K What is total cost in economics? Learn how to calculate total cost using the total cost formula. See the definitions of total fixed cost and total variable cost. Related to this Questi...
I can remember going to the board and defining the problem, deriving the appropriate formulae, applying them, calculating the answer and then, only then, writing the answer, putting a box around it and underlining it.No box, no line = F.Of course, then in the real world we would apply...
I am suggesting that more transparency, more vulnerability, and more honesty is the winning formula and when you are choosing between the two, choose these things. One of my favorite stories about this comes from a particularly difficult moment in my career where I had to transition a founder ...
The economics of solar has always been challenging. Ten year paybacks are not the path to rapid adoption. I believe that the cost of solar has come down a lot and that might reduce the payback times but energy costs have also come down a lot too so I don’t know if we’ve really ...
Paul asks "God knows what you would do to get 13 year old girls interested in computers?" and that is a damn good question and one that I have been thinking about a lot over the past four years. We see very few women entrepreneurs walk into USV and that is disappointing to me. And...
>People buy at certain price points and magic numbers.Yes.That’s why I’ve never fully bought into the theory of price elasticity / inelasticity of demand – of economics (the “dismal science”). Studied it for only a year, in high school, but that was enough to convince me that it...
If your product or service is sold on a subscription basis, then you must also know the amount and timing of churn to expect and the lifetime value of a customer (LTV). In a subscription offering, the above formula becomes LTV > CAC + COGS ...