THEORY OF COSTS

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DC Field	Value	Language
dc.contributor.author	Nwokoye, Ebele Stella	-
dc.contributor.author	Ilechukwu, Nneamaka Ifeoma	-
dc.date.accessioned	2023-07-06T12:45:28Z	-
dc.date.available	2023-07-06T12:45:28Z	-
dc.date.issued	2018-08	-
dc.identifier.citation	Principles of Economics; pp144-184	en_US
dc.identifier.uri	https://www.researchgate.net/publication/326841533	-
dc.identifier.uri	http://repository.unizik.edu.ng/handle/123456789/695	-
dc.description	Book chapter	en_US
dc.description.abstract	This 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.iso	en	en_US
dc.publisher	Oxford University Press, USA	en_US
dc.subject	cost	en_US
dc.subject	opportunity cost	en_US
dc.subject	theory of costs	en_US
dc.title	THEORY OF COSTS	en_US
dc.type	Book chapter	en_US
Appears in Collections:	Scholarly Works

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