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If the equilibrium constant Kc is greater than 1 for a given reaction, predict the signs of ΔG° and E° at the same temperature.
Mixed Costs
Expenses that have both fixed and variable components, changing in total with the level of activity but not in proportion.
Sunk Costs
Costs that have already been incurred and cannot be recovered, which should not affect future business decisions.
Mixed Cost
A cost that contains both variable and fixed cost components, changing in total with volume but remaining constant per unit.
Variable Cost
Costs that change in proportion to the good or service that a business produces, such as raw materials and direct labor expenses.
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