To predict what your costs will be if you change your production volume, you have to find your variable costs. You can then find the variable cost per unit and estimate what your costs will be for a ...

You can categorize your business costs as fixed, variable and mixed based on how they change in response to your sales or production output. Fixed costs remain the same no matter how many units you ...

A fixed cost is one that your business incurs whether or not it makes any sales. An example is rent: It has to be paid every month whether or not you're generating any income, and it's the same every ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. Andy Smith is ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Gain a comprehensive understanding of the marginal cost formula. Learn how to calculate it and explore its role in business decisions. The world of microeconomics and business decision-making hinges ...

Knowing how much it costs to produce an acre of crops is more important than ever as farmers face ever-tightening margins.

What if you lived in a world where a new Toyota at one dealership cost $40,000, but the same Toyota at another dealership cost $200,000? It would seem absurd, but easy to manage. You would simply go ...

NEW ORLEANS, LA — Although it's commonly thought that in the US, uninsured patients can buy a 30-day supply of a generic heart-failure drug for as little as $4, a price that low may be the exception ...