1. CostsTotal, Fixed, Variable, Average and MarginalECON3 2. Fixed Costs (FC)• ‘A cost which is independent of output in the short run’• This can include Rent on…
Slide 1 Hairdressing Unit 2- Revision Slide 2 Please watch this video Write down all the costs you can think of when running a barber shop. http://barberconnect.co.ukhttp://barberconnect.co.uk…
Slide 1 Breakeven Analysis This module covers the concepts of variable, fixed, average and marginal costs, contribution, contribution margin, breakeven analysis, unit and…