Description
- Overview:
- This topic covers the analysis of a firm’s costs in the short and long run. It explains the important difference between accounting and economic costs (and how that affects the definition of accounting and economic profits). It also makes the distinction between fixed and variable costs.
- Subject:
- Economics
- Level:
- Community College / Lower Division, College / Upper Division
- Material Type:
- Module
- Provider:
- Ohio Open Ed Collaborative
- Date Added:
- 05/03/2019
- License:
- Creative Commons Attribution Non-Commercial
- Language:
- English
- Media Format:
- Text/HTML
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