Marginal (Incremental) cost is the cost incurred due to an additional unit of a product being produced.
It is easier for anyone to start a business in the online world. This article presents the Most Profitable Easy To Start Online Business Ideas for Beginners.
We all have hobbies which we are enjoying during our leisure time. Most people don’t enjoy what they do for earning and likely work only to pay the bills. But some people are fortunate to do what they love and earn a good income. Here are the Top Lucrative Hobbies that Make Money.
Investing is a great way to put your cash to build wealth. Smart investors get the returns from their investments which easily outpace inflation and reduce the risk of failure. This article contains 10 smart investment tips for beginners.
Imagine you are waking up in the morning, as the first thing you notice is a healthy bank balance that increased last night while you are sleeping. Sounds amazing right? This is completely doable with the ideas presented in this article.
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Most Lucrative Party Rental Business Ideas
Having passive income streams is a great way to sit back and relax while you are getting money to your bank account.
The Best Lucrative 40 Money Earning Ideas without using a Laptop or Computer
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Most housewives like you have the willingness to earn a good income while staying at your comfort of home. These online money-making ideas will help you to enjoy a good income while enjoying quality time with your family.
Work from Home is a popular concept these days. This has revealed many opportunities for housewives, university students, and others to work online and earn money. Here are the best home based businesses which you can start today without any cost.
Most ladies like you have the willingness to start their own small business, rather than working for somebody else. Having your own business gives you a bigger sense of purpose and personal fulfillment. Entrepreneur...
Home based businesses are a growing interest among us. There are many ways for you to earn a good income from home based businesses, rather than going out for a day job. This guide...
Opportunity cost is the value of the next-best alternative when a decision is made to proceed with one alternative.
An outlay cost is an amount that a company expends on a particular project. Outlay costs for a new project can include the cost of setup, cost of production, and cost of asset (machinery, office equipment, etc) purchase. Outlay costs…
Indirect costs are the costs that can not be readily determined with a specific activity but are incurred for the joint benefit of company/project activities.
Direct cost is a type of cost associated with the production of specific goods or services. The cost of any material which directly used to produce a product/service can be considered a direct cost.
Variable costs are expenses that the amount depending on the volume of goods or services produces. In simple terms, variable cost is changing based on the production/service output quantity/volume.
Fixed cost is a type of cost that does not change with an increase or reduction in production quantity. The company has to pay the fixed cost despite the number of units produced.
In economic terms, the marginal cost is the increase in total production cost when producing one additional unit.
Difference Between Oligopoly and Monopoly
Difference Between Monopolistic Competition and Monopoly
Difference Between Monopolistic Competition and Oligopoly
