My grand wall by Ellie Horvath-Yerington https://padlet.com/6010356/f9qhegymdrh8 Made with charisma en-us 2019-09-30 13:02:58 UTC 2024-06-09 17:26:06 UTC hello@padlet.com Fixed costs 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391308620 costs that remain the same regardless of level of production or services offered, ]]> 2019-09-30 13:06:52 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391308620 Variable costs 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391309362 production costs that change when production levels change]]> 2019-09-30 13:08:11 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391309362 Total cost 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391311777 The sum of fixed costs and variable costs]]> 2019-09-30 13:12:08 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391311777 Business operation and costs 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391312109 Businesses are using the internet to sell products because its cheaper. They dont need a building for inventory and people engaged in e-commence (electronic building conducted over the internet) don't spend a large amount of money on rent. Instead of paying rent business owners are buying web access ]]> 2019-09-30 13:12:44 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391312109 Break-even point 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391314110 production level where total cost equals total revenue. Only tells the firm how much it has to produce to cover its costs.]]> 2019-09-30 13:16:07 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391314110 Total revenue 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391315509 total amount earned by a firm from the sale of its products]]> 2019-09-30 13:18:39 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391315509 Marginal revenue 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391316168 extra revenue from the sale of one additional unit of output. You divide the change in total revenue by the marginal product.]]> 2019-09-30 13:19:46 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391316168 Marginal analysis 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391317501 decision making that compares the extra costs of doing something to the extra benefits gained]]> 2019-09-30 13:21:48 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391317501 Profit maximization 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391318208 use marginal analysis to find the level of output that maximizes profits for the business. Profit- maximizing quantity of output- level of production where marginal cost is equal to marginal revenue]]> 2019-09-30 13:23:00 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391318208 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391321153 2019-09-30 13:27:04 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391321153 Video 6010356 https://padlet.com/6010356/f9qhegymdrh8/wish/391321728 2019-09-30 13:27:59 UTC https://padlet.com/6010356/f9qhegymdrh8/wish/391321728