MATHEMATICS I (MATEMATİK I) - (İNGİLİZCE) Dersi Applications of Derivative soru detayı:

PAYLAŞ:

SORU:

What are fixed and variable costs?


CEVAP:

The total cost of a production is composed of fixed costs such as buildings, rent, interest to be paid, and machinery costs, and variable costs which vary according to the quantity of a good produced and include inputs such as labour and raw materials. Even when there is no production the company still has to pay for the fixed costs.