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Difficulties in Measuring Cost
1) Output data may represent an aggregate of different type of products.
2) Cost data may not include opportunity cost.
3) Allocating cost to a particular product may be difficult when there is more than one product line.
* Cost Functions and the Measurement of Scale Economies
- Scale Economy Index (SCI)
how do minimum units cost change with changes in fixed cost
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have to do a group project on consumer equlibrium. plz help on wat sub topics to select (i am in college 1st year)
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