cost, Managerial Economics

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classification of costs

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Fixed costs (fc), Fixed Costs (FC) These are costs which do not   vary...

Fixed Costs (FC) These are costs which do not   vary with the level of production i.e. they are fixed at all levels of production.  They are associated with fixed factors of p

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Gm04, “Managerial economics involves use of economic analysis to make busin...

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