TRAINING provides employees with specific, identifiable knowledge and skills for use in their present jobs
Answer:
Fixed Cost Function = Average Cost - Average Variable cost
Explanation:
A fixed cost is the one which does not changes with the level of production. These cost are irrelevant to number of units production. It is not affected by the units produced and sold. The change in fixed cost does not affect the marginal cost. The marginal cost is the variable cost that is incurred by producing one more unit. These costs are affected by the level of production.
Paying rent, paying for food, maintaining health care.
Services are now the largest single component of the supply side of gdp, representing over half of gdp.
