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  2. Fixed cost - Wikipedia

    en.wikipedia.org/wiki/Fixed_cost

    For any factory, the fix cost should be all the money paid on capitals and land. Such fixed costs as buying machines and land cannot be not changed no matter how much they produce or even not produce. Raw materials are one of the variable costs, depending on the quantity produced. Fixed costs are considered an entry barrier for new entrepreneurs.

  3. Cloze test - Wikipedia

    en.wikipedia.org/wiki/Cloze_test

    The definition of success in a given cloze test varies, depending on the broader goals behind the exercise. Assessment may depend on whether the exercise is objective (i.e. students are given a list of words to use in a cloze) or subjective (i.e. students are to fill in a cloze with words that would make a given sentence grammatically correct).

  4. Friction of distance - Wikipedia

    en.wikipedia.org/wiki/Friction_of_distance

    Friction of distance. Friction of distance is a core principle of geography that states that movement incurs some form of cost, in the form of physical effort, energy, time, and/or the expenditure of other resources, and that these costs are proportional to the distance traveled. This cost is thus a resistance against movement, analogous (but ...

  5. What Is a Fixed Cost? - AOL

    www.aol.com/fixed-cost-194647372.html

    A fixed cost is one that is not based on how much of a good or service a business produces. It’s sometimes referred to as an indirect cost, or “overhead.”. All businesses have fixed costs ...

  6. Average fixed cost - Wikipedia

    en.wikipedia.org/wiki/Average_fixed_cost

    Average fixed cost. Short-run cost curves. In economics, average fixed cost (AFC) is the fixed costs of production (FC) divided by the quantity (Q) of output produced. Fixed costs are those costs that must be incurred in fixed quantity regardless of the level of output produced. Average fixed cost is the fixed cost per unit of output.

  7. Total cost - Wikipedia

    en.wikipedia.org/wiki/Total_cost

    The marginal cost can also be calculated by finding the derivative of total cost or variable cost. Either of these derivatives work because the total cost includes variable cost and fixed cost, but fixed cost is a constant with a derivative of 0. The total cost of producing a specific level of output is the cost of all the factors of production.