Error occured ! We are notified and will try and resolve this as soon as possible.
WARNING! [2] file_put_contents(/home/gelembjuk/domains/myeducationpath.com/app/../html/cache/memory/course_5871_0_e086762d743c0218beb85ea6e1b456cae.txt): failed to open stream: No such file or directory . Line 75 in file /home/gelembjuk/domains/myeducationpath.com/html/include/class.cache.php. Continue execution. 1694582; index.php; 216.73.216.221; GET; url=courses/5871/understanding-fixed-variable-and-marginal-costs-in-economics.htm&; ; Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com); ; Executon time: 0 MyEducationPath.com :: ALISON : Understanding Fixed, Variable and Marginal Costs in Economics

Understanding Fixed, Variable and Marginal Costs in Economics

17 votes
Free
Understanding Fixed, Variable and Marginal Costs in Economics

Fixed cost, variable cost and marginal cost are very important concepts to understand in economics. Fixed costs are business expenses and are often time-related such as salaries and rents which are paid on a monthly basis. Variable costs are expenses related to business activity and change in proportion to an increase or decrease in this activity. Marginal cost is the change in total cost that arises when the quantity of goods produced increases by one unit. It is a measure of the cost of producing one additional unit. This free online economics course explains in a simple and clear manner the concepts behind fixed, variable and marginal costs using worked examples. The relationship between marginal cost, average total cost and marginal revenue is also outlined. By studying this course the learner will appreciate the importance of these costs in economics, and why and how they are calculated. This free online economics course will be of great interest to all professionals in economics, finance and business who would like a greater knowledge and understanding of fixed, variable and marginal costs, and to all learners who would like a greater insight into the factors that determine these key costs in economics.<br />

Tags:
Details: https://alison.com/courses/U...-Variable-and-Marginal-Costs
Categories:

Comments

Reviews



-- no reviews yet -- make the first review
Add review [?] Discuss on the Forum

Alternatives
All alternatives to all ALISON courses

-- no alternatives found for the course --
If you know any alternatives, please let us know.

Add alternative course [?]

Prerequisites

-- no prerequsites found for the course --
If you can suggest any prerequisite, please let us know.

Add prerequisite [?]

Paths

No Paths inclusing the course. You can build and share a path with this course included.

Certification Exams

-- there are no exams to get certification after this course --
If your company does certification for those who completed this course then register your company as certification vendor and add your exams to the Exams Directory.

Add My Exams

Similar courses

Courses related to the course subject

-- no similar courses found --

Let us know when you did the course Understanding Fixed, Variable and Marginal Costs in Economics.

Started on: Completed on:
Your grade (if any):
Comments:

Add the course Understanding Fixed, Variable and Marginal Costs in Economics to My Personal Education Path.

Start the course on:
Duration of study:
Notes:

Successfully added to your path.

View your path

Select what exam to connect to the course. The course will be displayed on the exam page in the list of courses supported for certification with the exam.


Notes about how the exam certifies students of the course (optional):