Chapter 7
Costs
Hundido y costo de oportunidad
Sunk costs are expenditures already made and cannot be recovered, irrespective of future choices. These costs are essentially "sunk" because they ...
Costo Fijo y Variable
In the short run, a firm's costs are divided into fixed and variable. Fixed costs are expenses that do not fluctuate with the level of output. These ...
Curvas de costo fijo total, variable total y costo total
In the short run, a firm incurs various fixed expenses such as lease payments, insurance premiums, and machinery depreciation. Collectively, these are ...
Costo Fijo Promedio, Variable Promedio y Costo Total Promedio I
Average Fixed Cost (AFC) is the total fixed cost per unit of output. It's calculated by dividing the total fixed costs (TFC) by the quantity of output ...
Costo Fijo Promedio, Variable Promedio y Costo Total Promedio II
The Average Fixed Cost, or AFC curve, is the graphical representation of the average fixed cost. It starts at the first unit of output. As the level of ...
Costo Marginal I
Marginal cost is the additional cost incurred by a firm when it produces one more unit of a good or service. It's derived from the change in total ...
Costo Marginal II
The marginal cost (MC) curve typically exhibits a U-shaped pattern, reflecting the relationship between marginal cost and production level. Initially, as ...
Relación entre Costos Medios y Marginales
Marginal Cost (MC) is a variable cost that refers to the additional expenses incurred by the firm when producing one more unit of a good or service. The ...
Naturaleza de los costos a largo plazo
In the short run, costs can be classified into fixed or variable categories. Variable costs fluctuate with the level of production or service activity, ...
Corto plazo vs largo plazo: Costos promedio
In the short run, firms cannot adjust the quantity of certain factors of production, like capital and technology. However, firms can change the quantity ...
Corto plazo vs largo plazo: Costos marginales
In economics, the short-run marginal cost (SRMC) and long-run marginal cost (LRMC) curves depict how the cost of producing additional units of output ...
Economías de escala
A firm may experience economies of scale in the long run. This occurs when a firm's output increases, but its total costs increase at a slower rate. ...
Deseconomías de escala
Diseconomies of scale occur in the long run when the costs per unit increase with each additional unit of output. For example, the firm may double its ...
Economías de alcance
Economies of scope refer to a firm's cost advantages by producing a wider variety of products rather than focusing on a single product. Economies of ...
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