Fixed Costs & Variable Costs | A-Level, IB & BTEC Business

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The important concept of business costs is introduced in this video. Jim explains the concept of fixed and variable costs - which are an essential part of understanding the concept of breakeven.

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VIDEO CHAPTERS
0:00 Introduction
0:09 What are Costs?
0:22 Costs are important because they...
0:40 Key Distinction: Variable & Fixed costs
1:35 Examples of Variable Costs
2:36 Examples of Fixed Costs
3:06 Calculating Total Costs
3:25 Total costs - Example Calculation
4:17 How Costs Change with Output

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tutoru-official

Great video, just one question the fact that the fixed costs are spread over the increase in outputs, yet the fixed costs stay the same due to the fall in cost per unit, does that have to do with economies of scale?

Raid.O

Explain two ways a business could reduce their unit cost

Mini-fczj

I understood the concept but why the fixed cost varies along with output in per unit wherein variable cost remains the same in cost per unit.

purity

Please make videos about how to answer 16 25 9 markers

gussy

the last thing he said about fixed costsand cost per unit...i dont understand

wywknjj

Why and how will variable cost per unit increase if the output increases ?

siddhikasingh

Y is wages a fixed cost?
It should change with number of employees

karthikeyandakshitaanab

i this the english teacher nad youtuber for aqa english?

fathisirbiel

what does it mean by output of a business

Swon

Would energy costs be variable or fixed costs

roryc

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