A chart that lists how much of a good a supplier will offer at various prices.
What is Supply Schedule?
Total output produced by a firm.
What is Total Product.
Costs that are independent of volume.
What is Fixed Cost?
a method of buying and selling goods and services online.
What is e-commerce?
tells you exactly how much money your business generates before expenses.
What is Total Revenue?
The principle that suppliers will normally offer more for sale at high prices and less at lower prices.
What is the Law of Supply?
A level of production in which the marginal product of labor decreases as the number of workers increases.
What is diminishing marginal returns?
The ongoing costs to operate a business but excludes the direct costs associated with creating a product or service.
What is Overhead?
The point at which cost and income are equal and there is neither profit nor loss
What is the Breakeven?
is the one at which the marginal revenue of the last unit was exactly equal to the marginal cost.
What is the profit-maximizing quantity?
A graph showing the various quantities supplied at each and every price that might prevail in the market.
What is the Supply Curve?
Unprocessed natural products used in production.
What is raw materials?
the cost added by producing one additional unit of a product or service.
What is Marginal Cost?
a browser-based software package for human-machine interfaces.
What is Web Access?
the net revenue a business earns by selling an additional unit of its product.
What is marginal revenue?
A government payment to an individual, business, or other group to encourage or protect a certain type of economic activity.
What is a subsidy?
Increasing returns, diminishing returns, and negative returns.
What is stages of production?
The minimum financial cost of producing some quantity of output.
WHat is Total Cost
the total expenses that are incurred in the production of goods or services by any individual or organisation.
What is Cost?
an examination of the associated costs and potential benefits of specific business activities or financial decisions
What is Marginal Analysis?
The amount that producers bring to market at any given price.
What is quantity supplied?
A period of production that allows producers to change only the amount of the variable input called labor.
What is a short run?
The cost is an expense that changes in proportion to production or sales volume
What is Variable Cost?
the physical process of transporting commodities and merchandise goods and cargo.
What is Shipping?
a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
What is profit?