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  2. Variable cost - Wikipedia

    en.wikipedia.org/wiki/Variable_cost

    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. Direct costs are costs that can easily be associated with a particular cost object. [2] However, not all variable costs are direct costs.

  3. Exogenous and endogenous variables - Wikipedia

    en.wikipedia.org/wiki/Exogenous_and_endogenous...

    In an economic model, an exogenous variable is one whose measure is determined outside the model and is imposed on the model, and an exogenous change is a change in an exogenous variable. [1]: p. 8 [2]: p. 202 [3]: p. 8 In contrast, an endogenous variable is a variable whose measure is determined by the model. An endogenous change is a change ...

  4. Long run and short run - Wikipedia

    en.wikipedia.org/wiki/Long_run_and_short_run

    The more variable costs used to increase production (and hence more total costs since TC=FC+VC), the more output generated. Marginal costs are the cost of producing one more unit of output. It is an increasing function due to the law of diminishing returns , which explains that is it more costly (in terms of labour and equipment) to produce ...

  5. Cost curve - Wikipedia

    en.wikipedia.org/wiki/Cost_curve

    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 ...

  6. Cost–volume–profit analysis - Wikipedia

    en.wikipedia.org/wiki/Cost–volume–profit...

    CVP is a short run, marginal analysis: it assumes that unit variable costs and unit revenues are constant, which is appropriate for small deviations from current production and sales, and assumes a neat division between fixed costs and variable costs, though in the long run all costs are variable.

  7. Gay couple who showed off picture-perfect family get 100 ...

    www.aol.com/news/gay-couple-showed-off-picture...

    A gay Georgia couple convicted of sickening sexually abuse of their two adopted sons will spend the rest of the lives behind bars.. William and Zachary Zulock, 34 and 36, were each sentenced last ...

  8. Massive Courts Backlog Could Slow Trump Deportation Plan - AOL

    www.aol.com/massive-courts-backlog-could-slow...

    Donald Trump said he'd launch the “largest deportation” in American history. To do it, he'll need to address a massive backlog in immigration court cases.

  9. Microeconomics - Wikipedia

    en.wikipedia.org/wiki/Microeconomics

    In the mathematical model for the cost of production, the short-run total cost is equal to fixed cost plus total variable cost. The fixed cost refers to the cost that is incurred regardless of how much the firm produces. The variable cost is a function of the quantity of an object being produced.