Total Cost to Produce Is the Sum of Expenses Incurred

question 59

Short Answer

Total cost to produce is the sum of expenses incurred regardless of output plus the variable cost per unit of business activity multiplied by ________.

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Definitions:

Social Venture Capitalist (SVC)

An investor who provides financial capital to start-up companies or small businesses with the intention of generating both social impact and financial returns.

Impact Investment

Investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return.

Enterprising Nonprofits

A form of social entrepreneurship where both the venture mission and the market impact are for social purposes.

Market Impact

The effect that the entry or exit of firms, or the introduction of new products, has on the prices and availability of goods and services in a market.