Margaret is an award-winning writer and educator known for her ability to explain complex technical topics to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles in the New York...
Economics-What are oligopoly, monopoly, monopolistic competition and pure competition? In a perfectly competitive industry with identical firms, is long-run equilibrium is characterized by P min ATC, P AVC, MR = MC = min ATC, or MR P? Which market structure has a perfect...
In a nutshell, HEVC can compress videos twice as much as h.264/AVC at the same quality level. This is particularly important for 4K video, which takes up a ton of space with AVC. HEVC makes 4K video much easier to edit, stream, download, or rip to your hard drive. Real 4K or Fak...
Marginal cost is the addition to the total cost for producing one additional unit. Average cost is the total cost divided by the total number of units produced. When average cost increases, marginal cost is greater than average cost. When average cost decreases, marginal cost is less than aver...
To understand the graph, you can look at the curves on it. This will help you see how a company prices its products. If prices are much lower than the AVC line, it might mean that the company is engaging in predatory pricing, where it is temporarily lowering prices to drive competitors...
Some startups have failed, particularly the ones with upside-down unit economics or with a lack of product market fit. I think we have just seen the start of this trend and I plan to talk more about this in tomorrow’s post.
aIn 1969, an award for economics was added 1969年,一个奖为经济增加了 [translate] aThis XML file does not appear to have any style information associated with it. The document tree is shown below 这个XML文件不看上去有任何样式信息与它交往。 本文树如下所示 [translate] aWorking relationship ...
Cost plus pricing: p = AFC + AVC + X/Q Therefore, cost-plus pricing equals the average variable cost plus average fixed cost plus the markup over costs on each output unit. For instance, the cost of a product is $100. If a company aims to sell it at 20% profit, the cost-plus ...
In economics, cost minimization is an optimization problem for firms, who choose the optimal mix of inputs to minimize the total cost of producing a given quantity of output. Total cost is the sum of fixed costs, which do not depend on quantity of production, and variable...
The Philips curve is a graph in economics that is used in the presentation of the relationship between unemployment and wage inflation. It also represents the relationship between unemployment and price inflation. The curve is quite useful as its findings are used to det...