A central assumption in economics is that consumers properly distinguish fixed cost from variable cost. This assumption is fundamental to various economic theorIto, KoichiroZhang, ShuangSocial Science Electronic Publishing
Answer to: Distinguish between a variable cost, a fixed cost, and a mixed cost. By signing up, you'll get thousands of step-by-step solutions to...
aAbsorption costing means that all of the manufacturing costs are absorbed by the units produced. the cost of a finished unit in inventory will include direct materials, direct labor, and both variable and fixed manufacturing overhead. As a result, absorption costing is also referred to as full...
Among them, C stands for fixed cost, V stands for variable cost, and M represents profit. In essence, the remuneration of a salesperson should be part of variable cost (V) and should be the work income of a salesperson. Since the remuneration is the labor of the salesmen, it should be...
Internal economies of scale arise when firms increase their scale of production. Hence, they incur lower average costs of production, either through specialization or other factors. When average costs fall, giving the price of the good to be constant, profit margins of these firms will be increas...
A ___ investment is more volatile than other forms of investment spending because this type of investment can be changed relatively quickly. a. Inventory b. Business fixed c. Capital d. Residential Growth, stability, and retrenchment refer to a firm's position relating to its [...
The fleet composition is fixed and consists of various types of vehicles that differ with respect to their maximum carrying load and variable cost per ... CD Tarantilis,EE Zachariadis,CT Kiranoudis - 《Journal of the Operational Research Society》 被引量: 28发表: 2008年 ...