Cost and Revenue Analysis
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Cost refers to ________
cost of production
Cost functions are derived from _______________ function
Money cost is also known as____________ cost
Explicit cost plus implicit cost denote ___________ cost.
Explicit costs are termed as
out of pocket expenses
The costs of self–owned resources are termed as ________ cost.
The cost that remains constant at all levels of output is _______ cost.
Identify the formula of estimating average variable cost
The cost incurred by producing one more unit of output is______cost.
The cost that varies with the level of output is termed as _______ cost.
Wage is an example for ________ cost of the production.
The cost per unit of output is denoted by _________ cost.
Identify the formula of estimating average cost.
Find total cost where TFC=I00 and TVC = 125
Long-run average cost curve is also called as __________ curve.
Revenue received from the sale of products is known as _______ revenue
Revenue received from the sale of additional unit is termed as ________ revenue.
Marginal revenue is the addition made to the
When price remains constant, AR will be ________ MR.
not related to
A book seller sold 40 books with the price of Rs.10 each. The total revenue of the seller is Rs.___________.
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