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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.
Value added is a term in financial economics for calculating the difference between market value of a product or service, and the sum value of its constituents. It is relatively expressed to the supply-demand curve for specific units of sale. [1] It represents a market equilibrium view of production economics and financial analysis.
In American law, the unitary executive theory is a Constitutional law theory according to which the President of the United States has sole authority over the executive branch. [1] It is "an expansive interpretation of presidential power that aims to centralize greater control over the government in the White House". [ 2 ]
When the price elasticity of demand is unit (or unitary) elastic (E d = −1), the percentage change in quantity demanded is equal to that in price, so a change in price will not affect total revenue. When the price elasticity of demand is relatively elastic (−∞ < E d < −1), the percentage change in quantity demanded is greater than that ...
A joint session of Congress will meet Jan. 6 to count the electoral votes certifying Trump's victory four years after a mob of Trump supporters violently attacked the Capitol in protest of ...
Ryan Beeler and his wife, Melissa, flew from their home in Oklahoma to New York City to celebrate his 40th birthday. Before they went, the couple decided to watch Elf to get into the holiday ...
Reports that Trump's transition team is discussing the possibility of a first-ever White House role or "crypto czar" to oversee bitcoin policy have also sent the token higher.. Meanwhile, last ...
The price elasticity of supply (PES or E s) is commonly known as “a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.” Price elasticity of supply, in application, is the percentage change of the quantity supplied resulting from a 1% change in price.