A graphical depiction of the average cost per unit to produce a product for a given level of output based on current technology and scale employed by existing firms.
Average Fixed Cost (AFC) is a cost metric in economics that measures the fixed costs on a per-unit basis. It is calculated by dividing the total fixed costs by the number of units produced.
The expenditure on goods and services required to carry out the operations of an organization. Different methods of defining cost are used in accounting to reflect various aspects of financial reporting and decision making.
A fixed cost is a type of business expense that is constant and does not fluctuate with changes in the level of goods or services produced. These costs are incurred regularly, regardless of the business's activity level.
A fixed cost (also known as a fixed expense) is an item of expenditure that remains unchanged in total, irrespective of changes in the levels of production or sales. Examples include business rates, rent, and some salaries.
The Production-Unit Method is a technique for calculating depreciation where the depreciation charge is based on the number of units produced by machinery over its useful life.
An expense containing both fixed and variable cost elements, impacting overall costs depending on the level of business activity.
