JoVE Logo

サインイン

In the short run, a firm incurs various fixed expenses such as lease payments, insurance premiums, and machinery depreciation. Collectively, these are known as the total fixed cost (TFC) of production. Graphically, TFC is depicted by a straight line parallel to the x-axis, with cost on the vertical axis and the quantity of output on the horizontal axis.

Variable costs include expenses that change with the output level, such as materials used and wages of workers paid hourly. Collectively, these are known as the total variable cost (TVC). Graphically, the TVC curve starts from the origin, indicating that total variable costs are zero when there is no production. Its shape is upward-sloping, but the rate at which it rises varies across the quantity produced. Initially, the curve slopes gently upward, indicating that total variable costs initially increase at a relatively lower rate, and then eventually rise faster.

The total cost or TC (Read as T-C) is the summation of TFC and TVC. The curve is expressed as the vertical summation of these two curves. Fixed costs set the starting point of the total cost curve, reflecting the expenses incurred even with zero production. As production increases, the TC curve slopes upwards. It is parallel to the TVC curve because the vertical distance between them, the TFC, is unchanged as production increases.

タグ

Total Fixed CostTotal Variable CostTotal CostFixed ExpensesVariable CostsLease PaymentsInsurance PremiumsMachinery DepreciationCost CurvesProduction LevelsUpward sloping CurveSummation Of Costs

章から 7:

article

Now Playing

7.3 : Total Fixed, Total Variable, and Total Cost Curves

Costs

183 閲覧数

article

7.1 : Sunk and Opportunity Cost

Costs

155 閲覧数

article

7.2 : Fixed and Variable Cost

Costs

114 閲覧数

article

7.4 : Average Fixed, Average Variable, and Average Total Cost I

Costs

141 閲覧数

article

7.5 : Average Fixed, Average Variable, and Average Total Cost II

Costs

98 閲覧数

article

7.6 : Marginal Cost I

Costs

87 閲覧数

article

7.7 : Marginal Cost II

Costs

137 閲覧数

article

7.8 : Relationship between Average and Marginal Costs

Costs

247 閲覧数

article

7.9 : Nature of Costs in the Long Run

Costs

78 閲覧数

article

7.10 : Short-run vs Long-run: Average Costs

Costs

69 閲覧数

article

7.11 : Short-run vs Long-run: Marginal Costs

Costs

244 閲覧数

article

7.12 : Economies of Scale

Costs

74 閲覧数

article

7.13 : Diseconomies of Scale

Costs

73 閲覧数

article

7.14 : Economies of Scope

Costs

123 閲覧数

JoVE Logo

個人情報保護方針

利用規約

一般データ保護規則

研究

教育

JoVEについて

Copyright © 2023 MyJoVE Corporation. All rights reserved