Fixed Cost

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Fixed Cost

A cost that does not change of goods is produced

Marginal Revenue

Additional income from selling one more unit for a good sometimes equal to price

Subsidy

a government payment that supports a business or market.

Total Cost

cost of producing one more unit of a good

Variable Cost

cost that rises or falls depending on the quantity produced

Operating Cost

day to day expenses

Marginal

fixed variable producing one more unit of a good

Excise Tax

tax production or sale or good

Average Cost

total cost divided by the number of units produced.


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