Αποτελέσματα Αναζήτησης
Department of Economics Christian Zimmermann Fall 2004, Intermediate Macroeconomics, section 3/4 ECON 219 Symbols and abbreviations used BC Budget constraint CPI Consumer Price Index GDP Gross Domestic Product GNP Gross National Product HH Household MB Marginal benefit MC Marginal cost MP Marginal product MRS Marginal rate of substitution
Selling Costs: Definitions, Assumptions, Equilibrium! Selling costs play the key role in monopolistic competition and oligopoly. Under these market forms, the firms have to compete to promote their sale by spending on advertisements and publicity.
CC8 Identify and give examples of direct materials, direct labour, and manufacturing overhead costs. CC9 Identify and give examples of marketing or selling and administrative costs. CC10 Distinguish between product and period costs.
Economic cost is used by an economist. Total cost: Total cost is the total expenditure incurred by the producer to produce his goods. Total cost is also the summation of total fixed costs and total variable costs. Total cost is evaluated as follows:- 1. Total Cost = Cost per unit x Quantity Produced 2.
6 Αυγ 2018 · Differentiate between the following: accounting and economic costs, real and nominal cost, private and social cost, sunk and incremental cost. c. Appreciate the necessity of proper...
(iv) Selling price, variable cost per unit and total fixed costs are known and constant. (v) All revenues and costs can be added, sub traded and compared without taking into account the time value of money.
COST AND SALES CONCEPTS • LEARNING OBJECTIVES • After reading this chapter, you should be able to: 1. Define the terms cost and sales . 2. Define and provide an example of the following types of costs: fixed, directly variable, semivariable, controllable, noncontrollable, unit, total, prime, historical, and planned. 3.
