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Cost in the Short Run
Marginal Cost (or MC) is the cost of expanding output by one unit. As fixed costs have no impact on marginal cost, it can be given as: Average Total Cost (or ATC) is the cost per unit of output, or average fixed cost (or AFC) plus average variable cost (or AVC). This can be written: Average Total Cost (or ATC) is the cost per unit of output, or average fixed cost (or AFC) plus average variable cost (or AVC). This can be written:
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Hi I need help with elasticity. I think the problem has already been posted to your site.
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law of diminshining marginal utility
Statistical methods are considered to be superior techniques of demand estimation because: a. The element of subjectivity in this method is minimum, b. Methods of es
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