{"id":422,"date":"2018-04-25T15:16:50","date_gmt":"2018-04-25T19:16:50","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/biggars\/?p=422"},"modified":"2018-04-25T15:16:50","modified_gmt":"2018-04-25T19:16:50","slug":"5-3-vocab-last-ones-for-ch-5","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/biggars\/2018\/04\/25\/5-3-vocab-last-ones-for-ch-5\/","title":{"rendered":"5.3 Vocab (last ones for Ch. 5)"},"content":{"rendered":"<p>26. Fixed Costs (FC): prices that don\u2019t ever change <strong>\u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u062a\u064a \u0644\u0627 \u062a\u062a\u063a\u064a\u0631<\/strong><\/p>\n<p>27. Variable Costs (VC): production costs that change when the level of production changes<\/p>\n<p><strong>\u064a\u0643\u0644\u0641 \u0647\u0630\u0627 \u0627\u0644\u062a\u063a\u064a\u064a\u0631<\/strong><\/p>\n<p>28. Total Costs (TC): FC + VC <strong>\u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641<\/strong><\/p>\n<p>29. Marginal Costs (MC): the EXTRA cost of producing one additional unit of output<\/p>\n<p><strong>\u062a\u0643\u0627\u0644\u064a\u0641 \u0625\u0636\u0627\u0641\u064a\u0629<\/strong><\/p>\n<p>30. Additional: more than before <strong>\u0625\u0636\u0627\u0641\u064a<\/strong><\/p>\n<p>31. E-commerce: online buying and selling <strong>\u0627\u0639\u0645\u0627\u0644 \u062a\u062c\u0627\u0631\u064a\u0647 \u0639\u0628\u0631 \u0627\u0644\u0627\u0646\u062a\u0631\u0646\u062a<\/strong><\/p>\n<p>32.Operate: how something runs\/works<\/p>\n<p>33. Inventory: the number of products a business has available <strong>\u0627\u0644\u0645\u062e\u0632\u0648\u0646<\/strong><\/p>\n<p>34. Break-even point: when TC = TR<\/p>\n<p>35.Total Revenue (TR): total amount a business earns <strong>\u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0625\u064a\u0631\u0627\u062f\u0627\u062a<\/strong><\/p>\n<p>36. Marginal Revenue (MR): the EXTRA revenue from the sale of one additional unit of output <strong>\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0625\u0636\u0627\u0641\u064a\u0629<\/strong><\/p>\n<p>37. Marginal Analysis (MA): decision making regarding extra costs and benefits to be gained<\/p>\n<p>38. Profit maximizing: when the firm has reached its highest total profit (MC = MR)\u00a0<strong>\u0623\u0639\u0644\u0649 \u0631\u0628\u062d \u0625\u062c\u0645\u0627\u0644\u064a<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>26. Fixed Costs (FC): prices that don\u2019t ever change \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u062a\u064a \u0644\u0627 \u062a\u062a\u063a\u064a\u0631 27. Variable Costs (VC): production costs that change when the level of production changes \u064a\u0643\u0644\u0641 \u0647\u0630\u0627 \u0627\u0644\u062a\u063a\u064a\u064a\u0631 28. Total Costs (TC): FC + VC \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641 29. Marginal Costs (MC): the EXTRA cost of producing one additional unit of output \u062a\u0643\u0627\u0644\u064a\u0641 \u0625\u0636\u0627\u0641\u064a\u0629 [&hellip;]<\/p>\n","protected":false},"author":2107,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-422","post","type-post","status-publish","format-standard","hentry","category-econ"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts\/422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/users\/2107"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/comments?post=422"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts\/422\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/media?parent=422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/categories?post=422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/tags?post=422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}