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Cost Economics Cost Economics

Cost Economics - PowerPoint Presentation

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Uploaded On 2015-09-22

Cost Economics - PPT Presentation

AAE 320 Paul D Mitchell Goal of Section Overview what economists mean by Cost Economic Cost Functions Derivation of Cost Functions Concept of Duality What it all means Economic Cost Economic Cost Value of what is given up whenever an exchange or transformation of resources takes place ID: 136944

000 cost avc profit cost 000 profit avc costs opportunity economic atc output min function accounting steers money farm

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