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Farebox recovery ratio. The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system's total fare revenue by its total operating expenses.
Equivalent annual cost. In finance, the equivalent annual cost (EAC) is the cost per year of owning and operating an asset over its entire lifespan. It is calculated by dividing the negative NPV of a project by the "present value of annuity factor": where r is the annual interest rate and. t is the number of years.
Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives.It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements. [1]
Stated otherwise, LRMC is the minimum increase in total cost associated with an increase of one unit of output when all inputs are variable. [6] The long-run marginal cost curve is shaped by returns to scale, a long-run concept, rather than the law of diminishing marginal returns, which is a short-run concept. The long-run marginal cost curve ...
Annual percentage rate. Parts of total cost and effective APR for a 12-month, 5% monthly interest, $100 loan paid off in equally sized monthly payments. The term annual percentage rate of charge (APR), [ 1 ][ 2 ] corresponding sometimes to a nominal APR and sometimes to an effective APR (EAPR), [ 3 ] is the interest rate for a whole year ...
Trying to save money on airline tickets? With the average round-trip airfare hovering around $400 for domestic trips, of course you want to snag the lowest fare possible. To get the best price ...
In economics, the marginal cost is the change in the total cost that arises when the quantity produced is increased, i.e. the cost of producing additional quantity. [1] In some contexts, it refers to an increment of one unit of output, and in others it refers to the rate of change of total cost as output is increased by an infinitesimal amount.
The rule states that over the first period the quantity increases by 1/12. Then in the second period by 2/12, in the third by 3/12, in the fourth by 3/12, fifth by 2/12 and at the end of the sixth period reaches its maximum with an increase of 1/12. The steps are 1:2:3:3:2:1 giving a total change of 12/12.