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dc.contributor.authorNwokoye, Ebele Stella-
dc.contributor.authorIlechukwu, Nneamaka Ifeoma-
dc.date.accessioned2023-07-06T12:45:28Z-
dc.date.available2023-07-06T12:45:28Z-
dc.date.issued2018-08-
dc.identifier.citationPrinciples of Economics; pp144-184en_US
dc.identifier.urihttps://www.researchgate.net/publication/326841533-
dc.identifier.urihttp://repository.unizik.edu.ng/handle/123456789/695-
dc.descriptionBook chapteren_US
dc.description.abstractThis paper Defined the concepts of total, average and marginal costs; differentiate between accounting and economic costs, real and nominal cost, private and social cost, sunk and incremental cost; appreciate the necessity of proper identification of costs in business decision-making; illustrate the total, average and marginal cost curves for both the short run and the long run scenario; Elucidate on the determinants of each of internal and external economics of scale and appreciate the reasons for the L-shape of the long run average cost curve.en_US
dc.language.isoenen_US
dc.publisherOxford University Press, USAen_US
dc.subjectcosten_US
dc.subjectopportunity costen_US
dc.subjecttheory of costsen_US
dc.titleTHEORY OF COSTSen_US
dc.typeBook chapteren_US
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