About Alicia Keys. Alicia Keys can be described as a modern-day Renaissance woman. A 12-time Grammy Award-winning singer/songwriter/producer, Keys is also an accomplished actress, a New York Times best-selling author, an entrepreneur and a powerful force in the world of philanthropy and in the global fight against HIV and AIDS.
Implicit costs can also be thought of as intangible costs that are not easily accounted for. For example, the time and effort that an owner puts into the maintenance of the company, rather than working on expansion, can be viewed as an implicit cost of running the business.
While the total variable cost changes with increased usage, the total fixed cost stays. the same. Related Terms: fixed cost, break-even analysis. Total costs are usually expressed as Fixed + Variable Total Cost. Definition 1: In accounting, the sum of fixed costs, variable costs, and semi-variable. costs. Definition 2: In the context of investments, the total amount spent on a particular. investment, including the price of the investment itself, plus commissions, fees, other. transaction costs, and taxes. Related Terms: average price per share, original cost. Mixed Cost: A cost with both fixed and variable elements.