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Because average total cost is average variable cost plus average fixed cost, average fixed cost is average total cost minus average variable cost. [2] If producing 5 shirts generates an average total cost of 11 dollars and average variable cost of 5 dollars, the fixed cost would be 6 dollars. Similarly, the firm produces 10 shirts and average ...
One low production cost is the investment cost of materials to make a garment. Fast fashion invests in polyester and cotton fabric because they are inexpensive and durable. In 2020 polyester's global price per metric ton was $725 (or 32.9 cents per pound), and the global price for cotton in 2021 was 126 cents per pound.
In 2022, world production of peppermint was 51,081 tonnes, led by Morocco with 84% of the total and Argentina with 14% (table). In the United States, Oregon and Washington produce most of the country's peppermint, [38] the leaves of which are processed for the essential oil to produce flavorings mainly for chewing gum and toothpaste. [39]
Today, textile production plays an important role in the gross domestic product of Mexico, since it is exported and generates employment. Textile production includes the making of thread, cloth and decoration, in both natural and synthetic fibers. It accounts for about 1.2% of the total GDP and 7.1% of the manufacturing sector. [16]
Textile operations can experience ramifications arising from shifts in international trade policies, evolving fashion trends, evolving customer preferences, variations in production costs and methodologies, adherence to safety and environmental regulations, as well as advancements in research and development. [29]
Around 80 percent of the workers are informal — mostly migrants, some of them trafficked, hired and fired as orders are commissioned and completed, divvied out by brokers, paid a few cents for each piece of clothing they deliver. The children get paid half as much as the adults.
This price, a total cost-price (i.e. a replacement cost) equals the average cost price and average profit rate of an output at the point of sale to the final consumer, including all net costs incurred by all the different enterprises participating in its production (factory, storage, transport, packaging etc.), plus tax imposts, insurance ...
Kirkland-brand peppermint bark comes in 21-ounce containers and costs mere 9.99. If you do the math, Costco’s version costs 75% less per ounce than Williams Sonoma’s.