As Northern Ireland's capital city, Belfast is host to the Northern Ireland Assembly at Stormont, the site of the devolved legislature for Northern Ireland. Belfast is divided into four Northern Ireland Assembly and UK parliamentary constituencies: North Belfast, West Belfast, South Belfast and East Belfast.
Fixed Costs, Variable Costs, and Total Costs z Fixed costs are those that are spent and cannot be changed in the period of time under consideration. z In the long run there are no fixed costs since all costs are variable. z In the short run, a number of costs will be fixed. Fixed Costs, Variable Costs, and Total Costs z Workers represent variable costs â those that change as output changes. Fixed Costs, Variable Costs, and Total Costs z The sum of the variable and fixed costs are total costs. TC = FC + VC Average Costs z Much of the firmâs discussion is of average cost.
Fixed Costs are those expenses that are more or less indepen-. dent of the level of activity of the machine. Some of the more. common fixed costs are listed below: Cost of Ownership: Financed Machines: Most machines are financed over a five year. period with a fixed monthly payment. This is the most significant of. the fixed costs, as those payments are due whether or not you run the. machine. The cost of ownership for a financed machine is merely. twelve times the monthly payment. Most shops that finance their. machines will use this as their cost of ownership, in order to fully.