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Along with variable costs, fixed costs make up one of the two components of total cost: total cost is equal to fixed costs plus variable costs. In accounting and economics, fixed costs, also known as indirect costs or overhead costs, are business expenses that are not dependent on the level of goods or services produced by the business. They ...
Telegram style, telegraph style, telegraphic style, or telegraphese[1] is a clipped way of writing which abbreviates words and packs information into the smallest possible number of words or characters. It originated in the telegraph age when telecommunication consisted only of short messages transmitted by hand over the telegraph wire.
A cloze test (also cloze deletion test or occlusion test) is an exercise, test, or assessment in which a portion of text is masked and the participant is asked to fill in the masked portion of text. Cloze tests require the ability to understand the context and vocabulary in order to identify the correct language or part of speech that belongs ...
Here’s an example. The ABC Company makes widgets. The company has fixed costs of $10,000 per month. Each widget costs the company $3.00 to make, and it sells each widget for $5.00.
Non-breaking space. In word processing and digital typesetting, a non-breaking space ( ), also called NBSP, required space, [1] hard space, or fixed space (in most typefaces, it is not of fixed width), is a space character that prevents an automatic line break at its position. In some formats, including HTML, it also prevents consecutive ...
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.
A fixed-price contract is a type of contract for the supply of goods or services, such that the agreed payment amount will not subsequently be adjusted to reflect the resources used, costs incurred or time expended by the contractor. This contract type may be contrasted with a cost-plus contract, which is intended to cover the costs incurred by ...
Price discrimination. Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different market segments. [1][2][3] Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for ...