How to Determine Total Costs?

Answer A firm's total expenditure or total cost consists of two components: fixed cost and variable cost. Fixed cost refers to all the expenditures that remain the same regardless of the quantity of outpu... Read More »

Top Q&A For: How to Determine Total Costs

Marginal vs. Average Total Costs?

Marginal cost and average cost are two measures in microeconomics, which focuses on an individual entity's economic situation. Both deal with the cost of producing a certain number of units. When a... Read More »

Micro Oven's total fixed costs are?

My GE washing machine does not wring my clothes dry enough what do i need to do?

How to Determine the Costs of Boat Ownership?

Have you ever wondered what costs are involved in a buying a boat? Figuring out a budget is easy when you know all of the factors to consider. Just follow these steps to see how affordable the boat... Read More »

How do you determine the operating costs for an above ground gas pool heater?

AnswerYour gas pool heater should have a BTU/hr rating for input and output printed on a placard somewhere on the heater. Look for the input rating and divide by 100,000 to get Therms/hr. Assuming ... Read More »