221. Describe what else can be used instead of money as a store of value

275. Explainwhat variable cost means.
Variable cost VC affects the increase or decrease in the volume of goods produced and varies with changes in output. This includes raw materials, supplies, fuel and transportation services, labor costs, etc.
VC = TC-FC
Here VC is the variable cost, TC is the total cost, and FC is the fixed cost
The amount of resources a company uses, such as live labor, raw materials, fuel, and energy, can quickly and easily change the volume of goods. It takes a long time for the volume of goods to change due to the consumption of other resources. For example, the production capacity of heavy industries can be affected by changes in output over a longer period of time. This means that the time factor, ie the time elapsed from the expenditure to the final result, has a significant effect on the cost of production. Therefore, based on the time factor, production costs are analyzed separately in the short and long term. An enterprise can only change the amount of its variable costs in the short run to change its output. These are short-term costs. Production capacity (the area of ​​production facilities, the amount of machinery and equipment) will remain constant, and this period may be sufficient only to change the level of their use.
276. Explainwhat average variable cost means.
The average cost is the production cost per unit of output, calculated by dividing fixed production costs and variable costs by the total number of units produced. This is the period of accounting for costs, also known as unit cost.
This may depend on the time considered. For example, increasing production may become costly or impossible in the short term. They affect the supply curve and are a key component of supply and demand. The average low cost is a strong competitive advantage.
Average costs may also relate to the average cost of inventories, as well as the average cost of units produced.
277. Explainwhat fixed cost means.
. Fixed costs are costs that are independent of production capacity. They are assigned to FC.
Fixed costs include maintenance costs, building safety, product promotion, heating and other costs. Fixed costs include depreciation (to restore fixed capital). To define the concept of depreciation, it is necessary to divide the assets of the enterprise into fixed and working capital.
Fixed capital is the division of its value into parts of the finished product (the cost of the product includes a small part of the cost of the equipment from which the product is produced) and the cost of labor is called fixed assets. The concept of fixed assets is broader because they include non-productive assets that may be on the balance sheet of the enterprise, but their value gradually disappears (e.g., a stadium).