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Variable costs are costs that change as the quantity of the good or service that a business produces changes. [1] Variable costs are the sum of marginal costs over all units produced. They can also be considered normal costs. Fixed costs and variable costs make up the two components of total cost.
Botulinum toxin, or botulinum neurotoxin (commonly called botox), is a neurotoxic protein produced by the bacterium Clostridium botulinum and related species. [24] It prevents the release of the neurotransmitter acetylcholine from axon endings at the neuromuscular junction , thus causing flaccid paralysis . [ 25 ]
The second component is the small increase in cost due to the law of diminishing marginal returns which increases the costs of all units sold. Marginal costs can also be expressed as the cost per unit of labor divided by the marginal product of labor. [5] Denoting variable cost as VC, the constant wage rate as w, and labor usage as L, we have
A single unit of Botox costs $10 to $15, with the average treatment consisting of 30 to 40 units. ... “Preventative Botox should be used typically once per year, at low doses, to soften ...
Average variable cost (AVC/SRAVC) (which is a short-run concept) is the variable cost (typically labor cost) per unit of output: SRAVC = wL / Q where w is the wage rate, L is the quantity of labor used, and Q is the quantity of output produced. The SRAVC curve plots the short-run average variable cost against the level of output and is ...
Variable cost per unit C = 4 This means that the price increase of A would provoke that 200 units less of A be sold and instead, 100 more units of B and C will be sold respectively. Given that our hypothetical monopolist controls all three products, its profits will be:
Reports of counterfeit Botox injections causing serious side effects have dermatologists concerned. Here's what you need to know about getting neurotoxin. Botox Is More Affordable Than Ever.
The marginal cost can also be calculated by finding the derivative of total cost or variable cost. Either of these derivatives work because the total cost includes variable cost and fixed cost, but fixed cost is a constant with a derivative of 0. The total cost of producing a specific level of output is the cost of all the factors of production.