5 min read
Total costs: The total amount that has to be spent on FOPs used to produce a product.
Average total costs: total costs divided by output.
Fixed Costs: costs that do not change with output in the short run.
Average fixed costs: total fixed costs divided by output
It would be great to have a 15m chat to discuss a personalised plan and answer any questions
Pick a time-slot that works best for you ?
If you're ready and keen to get started click the button below to book your first 2 hour 1-1 tutoring lesson with us. Connect with a tutor from a university of your choice in minutes. (Use FAST5 to get 5% Off!)
Buy Now for £70
Still got a question? Leave a comment
Leave a comment