average fixed costs
31Water supply — is the process of self provision or provision by third parties of water of various qualities to different users. Irrigation is covered separately. Global access to waterIn 2004 about 3.5 billion people worldwide (54% of the global population) had …
32Diminishing returns — Economics …
33Economics of automobile usage — Compared to other popular modes of passenger transportation, especially buses, the automobile has a relatively high cost per person kilometre traveled [cite conference first = Mark last = Diesendorf authorlink = Mark Diesendorf title = The Effect …
34Health insurance in the United States — The term health insurance is commonly used in the United States to describe any program that helps pay for medical expenses, whether through privately purchased insurance, social insurance or a non insurance social welfare program funded by the… …
35Monopolistic competition — Short run equilibrium of the firm under monopolistic competition. The firm maximizes its profits and produces a quantity where the firm s marginal revenue (MR) is equal to its marginal cost (MC). The firm is able to collect a price based on the… …
36Adverse selection — Adverse selection, anti selection, or negative selection is a term used in economics, insurance, statistics, and risk management. On the most abstract level, it refers to a market process in which bad results occur when buyers and sellers have… …
37Break-even (economics) — This article is about Break even (economics). For other uses, see Break even (disambiguation). The Break Even Point In economics business, specifically cost accounting, the break even point (BEP) is the point at which cost or expenses and revenue …
38Cost of goods sold — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
39Prices of production — refers to a concept in Karl Marx s critique of political economy. It is introduced in the third volume of Das Kapital, where Marx considers the operation of capitalist production as the unity of a production process and a circulation process… …
40Economy of scale — Economies of scale are the cost advantages that a firm obtains due to expansion. Economies of scale may be utilized by any size firm expanding its scale of operation. The common ones are purchasing (bulk buying of materials through long term… …
