Examine in detail the common costs accounted for in business decisions: fixed, variable, mixed, direct, indirect, production, period, opportunity, and sunk costs. Related to this QuestionExplain the difference
Answer to: Explain the difference between fixed costs, sunk costs, and variable costs. Provide an example that illustrates that these costs are, in...
Distinguish between fixed costs and variable costs. Explain the relationship between marginal cost and average cost. View Solution Differentiate between push factors and pull factors of migration. View Solution Explain the difference between "Shift of Supply Curve" and "Movement along Supply Curve". St...
At 5000 units sold @ $12, total sales are $60,000. Variable costs are 5000 x $10 = $50,000, therefore profit before fixed costs is $10,000 ($60,000 – $50,000). As a loss of $8,000 is made, this must therefore mean that fixed costs are $18,000. In summary: Sales………...
AdvantagesOf Variable/Marginal Cost Plus Pricing: As it adopts the margin cost approach, it provides better information as it segregate the variable and fixed costs; Highlights the importance of contribution; Useful for contract bidding where competition could be quite intense; ...
We find that smaller firms, those with a smaller proportion of fixed assets, and those that are less profitable extend more trade credit, whereas firms with a high proportion of variable costs and high percentage of bad debts extend less.doi:10.1080/00036840600722232...
For instance, time-of-use (TOU) tariffs set fixed prices for different time windows during the day, with higher prices during periods of low renewable production and/or high electricity demand. In contrast, critical-peak-pricing (CPP) tariffs maintain a constant price but charge higher rates ...
Section 2 states the assumptions and works out a single option example. Extending the analysis to multiple options, Sections 3 and 4 present the model with irreversible investment, without fixed costs and with fixed costs, respectively. Section 5 describes the simulation procedure and the empirical ...
The importance of exploratory preferences varies at the inter-individual level according to some fixed personality traits, which are thought of as evolutionary strategies of specialization to some ecological or social niches53,54,55: people are genetically hardwired to be more or less curious. This ...
To avoid model overfitting, we limited the number of fixed effects and each environmental variable was tested separately while keeping sampling phenology as a covariate to control for potential differences in viral prevalence due to differences in the time of sampling across the year. We used a mul...