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.