Managerial Economics:Theory
Managerial Economics:Theory
Auteur(s):
Trivedi
ISBN:
9780070435780
Taal:
en
| Uitgever:
Tata McGraw-Hill Education
| Uitgave jaar:
2002
|
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Nile University > Economics > Theory of costs (4e jaar)
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Advanced Microeconomics Theory(Costs)
In the theory of firm the distinction between short run and long run production costs is not necessarily based on the length of time. It is rather based on the degree of the v...
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Advanced Microeconomics Theory(Costs)
In the theory of firm the distinction between short run and long run production costs is not necessarily based on the length of time. It is rather based on the degree of the variability of inputs.
These two concepts also based on their flexibility and rigidity to the changing nature of the firm’s scale of operation.
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