Micro A2 - Costs Flashcards

1
Q

Costs Formula for:
Total Cost
Total Variable Cost
Average (total) Cost
Average Fixed Cost
Average Variable Cost
Marginal Cost

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2
Q

What is Law of diminishing marginal productivity

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3
Q

How to show Average Fixed Cost

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4
Q

How to show Average Variable Cost

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5
Q

How to show Total Cost

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