In the case of rent, your fixed cost will change only when your rent increases, decreases or when it gets replaced by another fixed cost like getting your own space on a loan. However, while the total fixed cost
Understanding the difference between variable and fixed costs is essential for any business. Whether it’s calculating your monthly budget, setting prices for your products, or making important decisions regarding profitability and expense structure for the business, distinguishing between variable and fixed...
Explain the difference between fixed costs (FC) and variable costs (VC) as it relates to production. Describe how fixed and variable costs behave within the relevant range. Explain variable costs. Are executive salaries classified as a fixed or variable cost? Explain....
Understanding the differences between fixed and variable expenses can help you make more informed decisions about your budget. Fixed expenses are costs in your budget that do not vary from month to month, such as your rent payment, insurance payment or membership costs. Variable expenses can change...
The variable cost is defined as that component of the total cost, which increases as the firm increases its production. The fixed cost, on the other...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask...
between fixed and variable expenses, you can build a budget that helps you control your spending and meet your financial goals. When you know exactly where your money is going, you can take steps to shed unnecessary expenses, plan for the unexpected, and let your money work harder for you....
A. is constant B. is total fixed cost C. gets narrower as output decreases D. is average fixed cost 相关知识点: 试题来源: 解析 D 正确答案:D 解析:答案为D项。平均总成本(average total cost,ATC)等于平均可变成本(average variable cost,AVC)和平均固定成本(average fixed cost,AFC)之和。故本题...
A. the variable cost of production minus the total cost of production is the fixed cost ofproduction. B. the total cost of production minus the variable cost of production is the fixed cost ofproduction. C. the total cost of production minus the variable cost of production is the marginal ...
Part ofcreating a budgetis distinguishing between fixed and variable expenses. Fixed expenses are costs that largely remain constant, such as your monthly rent or mortgage. Variable expenses, on the other hand, are costs that may vary or be unpredictable, such as a car repair or a medical bil...
Some operational costs are static, while others fluctuate. It’s important to know the difference between fixed and variable costs. Read more in our guide!