1.3.3 A situation where it is impossible to increase the welfare of one person without making another one worse off
Pareto efficiency / Pareto optimal / Pareto
1.3.3 The costs that remain the same even if the output changes
Fixed costs
1.3.2 Costs that remain the same even if the output changes
Fixed cost (FC)
1.3.3 The period during which at least one factor of production is fixed
Short run
1.3.6 The positively sloped part of the marginal cost curve in a perfectly competitive
firm
Supply curve​

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40