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Variable cost per unit does not change As volume changes the total cost changes in the same direction. While it is important to understand that you can graph cost to observe it’s behavior, don’t get overwhelmed by the slope formula. If you understand that a mixed cost has a variable and a fixed component, the […]
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By collaborating or teaming up, one can increase capacity and resources, which helps joint venture companies grow and expand more quickly and efficiently. Joint venture results in the pooling of financial, physical, and human resources of two or more firms. With this, companies take advantage of new opportunities and face new challenges in the market. […]
The relationship between average product and marginal product is similar. However, unlike your course grades, which may go up and down willy-nilly, marginal product always rises and then falls, for reasons we will explore shortly. As soon as marginal product falls below average product, the average product curve slopes downward. While marginal product is above […]
This technology enables secure and transparent transactions without the need for intermediaries, thus facilitating a streamlined process for users. The unique innovation behind Zoo Token lies in its allocation of transaction fees; a percentage of these fees is earmarked for wildlife conservation efforts around the globe. This feature not only promotes financial transactions but also […]