Costs of production Completed 222 group Plujnikova O Sultanova N Sarsembaeva

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1. Costs of production Completed 222 group Plujnikova O Sultanova N Sarsembaeva
2. Fixed and variable costsTotal fixed costsTotal variable costsTotal costsAverage fixed costsAreas for total costsSunk costsPLAN
3. Fixed and variable costsFixed costs are those
4. Total fixed costsGiven that total fixed costs (TFC) are
5. Total costsThe total cost (TC) curve is found by
6. Average fixed costsAverage fixed costs are found
7. Areas for total costsTotal Fixed costs and
8. Sunk costsSunk costs are those that cannot be
9. Thanks for attention
10. Скачать презентанцию

Fixed and variable costsTotal fixed costsTotal variable costsTotal costsAverage fixed costsAreas for total costsSunk costsPLAN

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Costs of production Completed 222 group Plujnikova O Sultanova N Sarsembaeva

Слайды и текст этой презентации

Слайд 1Costs of production
Completed 222 group
Plujnikova O
Sultanova N
Sarsembaeva L
Khamraeva K
Rakhimova D

Слайд 2Fixed and variable costs
Total fixed costs
Total variable costs
Total costs
Average fixed

costs
Areas for total costs
Sunk costs
PLAN

Слайд 3Fixed and variable costs
Fixed costs are those that do not

vary with output and typically include rents, insurance, depreciation, set-up

costs, and normal profit. They are also called overheads.
Variable costs are costs that do vary with output, and they are also called direct costs. Examples of typical variable costs include fuel, raw materials, and some labour costs.

Fixed and variable costsFixed costs are those that do not vary with output and typically include rents,

Слайд 4Total fixed costs
Given that total fixed costs (TFC) are constant as output

increases, the curve is a horizontal line on the cost

graph.

Total variable costs
The total variable cost (TVC) curve slopes up at an accelerating rate, reflecting the law of diminishing marginal returns.

Total fixed costsGiven that total fixed costs (TFC) are constant as output increases, the curve is a horizontal line

Слайд 5Total costs
The total cost (TC) curve is found by adding total fixed

and total variable costs. Its position reflects the amount of

fixed costs, and its gradient reflects variable costs.

Total costsThe total cost (TC) curve is found by adding total fixed and total variable costs. Its position reflects

Слайд 6Average fixed costs
Average fixed costs are found by dividing total

fixed costs by output. As fixed cost is divided by

an increasing output, average fixed costs will continue to fall. The average fixed cost (AFC) curve will slope down continuously, from left to right.

Average fixed costsAverage fixed costs are found by dividing total fixed costs by output. As fixed cost

Слайд 7Areas for total costs
Total Fixed costs and Total Variable costs

are the respective areas under the Average Fixed and Average

Variable cost curves.

Areas for total costsTotal Fixed costs and Total Variable costs are the respective areas under the Average

Слайд 8Sunk costs
Sunk costs are those that cannot be recovered if a

firm goes out of business. Examples of sunk costs include

spending on advertising and marketing, specialist machines that have no scrap value, and stocks which cannot be sold off.
Sunk costs are a considerable barrier to entry and exit.