Answer to: How do you find total cost, average fixed cost, total variable cost, and average variable cost, when the only thing that is given is...
Find the profit function when the cost function is given by C(x)=2x-56 and the revenue function is given by R(x)=x^2+45, where x is the number of the items to be produced and sold. Given that p=-x^2+6x+9 is the price of x items and the cost of x is given by C(x)=...
Total Variable Cost = Total Quantity of Output x Variable Cost Per Unit of Output The variable cost per unit will vary across profits. In general, it can often be specifically calculated as the sum of the types of variable costs. Variable costs may need to be allocated across goods if they...
How much you can make on a rental property is difficult to determine, since every property has a different value. In 2024, the average landlord claimed to make just over $16,000 from leased property [3]. Of course, your actual take could vary widely depending on the cost of the property...
Now that we know what fixed costs are, let's talk about average fixed cost (AFC). Average fixed cost is your company's total fixed costs divided by the number of units you produce. To calculate AFC, you would have to use the following formula: ...
However, an MBA can be worth the cost in order to achieve career success. It can put you on the path to a lucrative career, as MBA holders achieve an average starting salary of $120,000, according to the 2024 Corporate Recruiters Survey. Before deciding to get an MBA, you’ll want ...
“What is the average gross profit margin for a service business?” As soon as you make several calculations, you are able tocompare your GPM with the average value in your industryand understand the current position of your business. In fact, this metric indicates the financial success and ...
“The biggest ‘don’t’ for college students is saying yes to everything,” according to Waters. Instead, it’s important to set limits. “Get to know your town and find ways to hang out that are free or low cost.” Save for emergencies ...
15 Scholarships to Help Pay for College There's no shortage of options to help you trim the college tab. Cole ClaybournandAlison MurtaghOct. 29, 2024 Schools for International Students The average annual cost for international students across these schools in 2024-2025 was ...
Variable expenses, like gas or groceries, are costs that vary due to price or consumption changes. Fixed expenses, like your rent or mortgage, usually stay the same.