In the short run, shouldn't one produce as long as fixed costs are being covered? I'm confused on this. WHich costs should you be concerned with for the short run? fixed, total, average variable, overhead, average fixed? there are so many.© BrainMass Inc. brainmass.com October 24, 2018, 10:10 pm ad1c9bdddf
In the short run, there is at least one factor fixed, like machinery, establishment, capital etc. that cannot be varied. Clearly, in the short run, ...
This job stresses fixed costs.
1. Define variable cost, fixed cost, and mixed cost.
2. What is a scatter diagram? How is a scatter diagram used to estimate cost behavior?View Full Posting Details