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What is fixed cost and variable cost?
By the Production Function to Cost Curves:
A fixed cost is a cost which does not depend onto the quantity of output generated. This is the cost of the fixed input.
A variable cost is a cost which depends onto the quantity of output generated. This is the cost of the variable input.
The U.S. Department of Agriculture, nass.usda.gov, publishes charts on the prices of farm products. Go to the USDA home page and select Charts and Maps and then Agricultural Prices
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Price/Feeder Quantity Demanded Quantity Supplied $300 500 1800 270 600 1700 240 700 1600 210 800 1500 180 1000 1400 150 1100 1300 120 1200 1200 90 1300 1100 60 1400 1000 30 1500 90
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