MARGINAL COSTING AND BREAK-EVEN ANALYSIS Marginal Costing  Marginal costing may be defined as the technique of presenting cost data wherein variable costs and fixed costs…

Slide 1INFORMATION TECHNOLOGY IN BUSINESS AND SOCIETY SESSION 23 – NETWORK EFFECTS & POSITIVE FEEDBACK SEAN J. TAYLOR Slide 2 ADMINISTRATIVIA G1: Great job! G1: Submit…

Slide 1T HE U NITED S TATES M ARKET S YSTEM Consumers and the Law of Demand; Firms and the Law of Supply, Market Equilibrium, and Market Structure Slide 2 LAW OF DEMAND Demand:…

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 Costs of production Slide 2 Warm-up What are three things you learned from yesterday’s lesson about supply. Slide 3 Essential question Essential question: You are…

Slide 1 Binghamton University Thomas J. Watson School of Engineering and Applied Science State University of New York Slide 2 WARNING All rights reserved. No part of the…

Slide 1 Graphs and Charts Micro Slide 2 Marginal Analysis Marginal- the addition of one more unit Marginal Cost- the additional cost incurred from the consumption of the…