What is the answer of cost?
Answer: Cost is the payment of a specific sum of money to produce a good or service. Answer: In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something, and hence is not available for use anymore.
How do you solve a cost function?
The cost function equation is C(x)= FC(x) + V(x). In this equation, C is total production cost, FC stands for fixed costs and V covers variable costs. So, fixed costs plus variable costs give you your total production cost.
What is the variable cost answer?
What Is Variable Cost? Variable costs are the direct costs that a company incurs when producing goods or services. These costs are directly proportional to the quantity of goods or services produced. As a company’s production output increases, the variable costs increase. As output decreases, variable costs decrease.
What is fixed cost answer?
What Is a Fixed Cost? A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold. Fixed costs are expenses that have to be paid by a company, independent of any specific business activities.
What is the cost of Brainly?
Brainly Pricing Brainly Plus is currently offered in two different subscription plans: The Semi-Annual subscription plan costs $18, which is billed every 6 months unless cancelled. The Annual subscription plan costs $24, which is billed once annually unless cancelled. This option averages out to $2 per month.
What is an average cost function?
The average cost function is formed by dividing the cost by the quantity. in the context of this application, the average cost function is. Place the expression for the cost in the numerator to yield. b. Find and interpret TC(50).
Which is an example of variable cost?
Common examples of variable costs include costs of goods sold (COGS), raw materials and inputs to production, packaging, wages and commissions, and certain utilities (for example, electricity or gas that increases with production capacity).
How to answer a question about opportunity cost?
Focus on one of the main concepts covered (e.g., scarcity, ceteris Paribus, association vs. causation, opportunity cost, marginal analysis, etc.), define it in your own words, and provide an exampl… Coheed and Cambria are two countries. In one day, the residents of Coheed can produce 10,000 apple pies or 5,000 books.
How to answer the price question on the phone?
Find out how to answers the price question on the phone and win more business. Daniel: Welcome to the American Small Business Institute, The Couch. It sort of reminds me, it smells like Daily Show.
How to prepare for a cost accounting interview?
Then we have provided you with the complete details about the Cost Accounting Interview Question and Answers on our site page. Carking an interview at very first attempt need very hard working and should have a good knowledge of all concepts as well.
Is the cost benefit analysis an end in itself?
No. Cost Benefit Analysis is a tool to assist in making better financial decisions. It is not an end in itself. However, part of the Cost Benefit process requires that you think widely on all options before making a final decision. This is often where most people fail in their decision-making attempts.
Focus on one of the main concepts covered (e.g., scarcity, ceteris Paribus, association vs. causation, opportunity cost, marginal analysis, etc.), define it in your own words, and provide an exampl… Coheed and Cambria are two countries. In one day, the residents of Coheed can produce 10,000 apple pies or 5,000 books.
Do you follow the rules of cost benefit analysis?
When dealing with decisions using Cost Benefit techniques it is very important to follow the proven principles. The health of your company and your reputation depend on it. If these rules are not followed then your decisions could be flawed. Let’s start, shall we? Question #1. Is this technique suitable for the small business owner? Yes.
Is there an opportunity cost to attending university?
Some university students think that because a university degree greatly increases their earning potential there is no opportunity cost of attending university. How would an economist look at the ma… Which statement is true of an opportunity cost?