Cost that does not change no matther how much of goods is produced
Terms in this set (...)
A cost that does not change of goods is produced
cost that rises or falls depending on the quantity produced
cost of producing one more unit of a good
fixed variable producing one more unit of a good
Additional income from selling one more unit for a good sometimes equal to price
total cost divided by the number of units produced.
day to day expenses
a government payment that supports a business or market.
tax production or sale or good
Micro unit 4
Economics Ch. 10-11
Economics - fixed cost etc.
Economics- Chapter 8 Vocab.
Chapter 8 Economics: Types of Business Organizations