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Cataloged Resource Summary

 

Title

Cost Concepts

Author

Samuel L. Baker

Category

Production and Firm Behavior

Subject

Microeconomics

Type

Interactive Tutorial

Description

This tutorial introduces economics concepts of total cost, fixed cost, variable cost, and marginal cost. Firms use these cost concepts for pricing and output decisions. These concepts form the basis for much of cost accounting.

URL

http://hadm.sph.sc.edu/COURSES/ECON/Cost/Cost.html
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