Fixed, Variable & Total Costs | Business Costs

[@kingflex97splitz54]

wow this video helped alot thank you

[@TwoTeachers]

Glad to hear it!

[@JayJay-qr3cv]

Thanks for sharing your knowledge very helpful

[@TwoTeachers]

No problem. Glad you found it helpful 👍

[@kimberlyanneramos7909]

This is very helpful!

[@TwoTeachers]

Glad you think so!

[@louieharrison-v4n]

Are you a rare varient of kim chapel x ann chappel X sergio ramos

[@KimChappel-j3c]

kim and annes shared account????

[@Kanwal-b5e]

Hi. I have a question sir, I am working on my first skincare product pricing. And my Confusion is that current fixed cost is not very high as I am not advertising anywhere. Just planning to sell on Amazon for now. But once I priced my product in future when I have more fixed cost , hiring someone for my business, insurance etc, how I would cover that cost ?

[@TwoTeachers]

That's a great question and something you seriously need to consider. You can either try and sell enough products to generate enough profit which can then be used to cover the increased fixed costs in the future or you could look at other sources of finance, we have a video on sources of finance, just have a watch of that it may give you some inspiration.

[@Adam__48918]

Hello sir I have a question I would like to ask you about it. Do small businesses have higher fixed costs than large businesses due to diseconomies of scale like higher interest rates charged by the bank?

[@TwoTeachers]

Great question, but it's more likely to be the other way around as big businesses will have more employees on salaries and bigger buildings to pay for etc. So their fixed costs are likely to be bigger on average!

[@Adam__48918]

@@TwoTeachers makes so much sense thank you👍

[@abdulqayoomahmadi1496]

Hello, Two plants with different fixed cost, Plant A $5000 fixed cost and Plant B $7000, plant A produces 3000 jackets per day with an average cost of $3 per Jacket and Plant B produces 2500 Jackets per day with an average cost of $3.5 per jacket. If the owners of Plants want to increase the production from 5500 to 6000, in which plant should the owner increase the production? in which plant is more economical?

[@TwoTeachers]

According to a good friend of mine (Chat GPT) the answer is as follows: Plant A becomes more economical at the higher production level, and the owner should increase production in Plant A to achieve the desired output.

[@louieharrison-v4n]

RIP Kimberly annyus chappelus you will be deasrely missed and keeping burger king in business has been your sole purpose and i supoort that . lots of love xx ~ ann hew x

[@lpatterson5tt]

RIP kimberly your grace and elegance shall be dearly missed by everyone around the globe at every mcdonalds across the planet xx

[@louieharrison-v4n]

@@lpatterson5tt rest in peace pudding kimberly xx

[@lpatterson5tt]

@@louieharrison-v4n so heartwarming xx

[@TwoTeachers]

What a lovely tribute!

[@TwoTeachers]

🙏🏻

[@PulzRemix-v1f]

Thank You 🙏👌👌

[@TwoTeachers]

You're welcome 👍

[@chinthadamayanthi4698]

hi your videos are amazing

[@TwoTeachers]

Thank you, really appreciate you saying that 👍

[@NikolaGonciara]

Very helpful

[@TwoTeachers]

Really happy we could help! 👍

[@johncychosz8799]

What about taxes? You need to add that too.

[@Ziad-cp3lu]

Thank you

[@TwoTeachers]

Thanks for watching!

[@louieharrison-v4n]

thankyou for this video is really helped when seeing how much profit i made from trapping , finally have enough to buy a talaria xxx ~ harriet ( aka. Hdog killa ) xx

[@KimChappel-j3c]

whatchout @louieharrison-v4n ejuizys has informed me that durham constabulary has aquired drones to chase home the brave talaria riders

[@lpatterson5tt]

so proud of you now you can go round with ejuizy as long as it doesnt get grafted. P.S R.I.P rusty the dog ran over by poppys mam

[@lpatterson5tt]

@@KimChappel-j3c 😮😮😮

[@louieharrison-v4n]

@@lpatterson5tt rip kim

[@lpatterson5tt]

@@louieharrison-v4n do you mean ann