Production Pdf 193238 | C) Types Of Cost, Revenue And Profit, Short Run And Long Run Production

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File: Production Pdf 193238 | C) Types Of Cost, Revenue And Profit, Short Run And Long Run Production

CIE Economics A-level Topic 2: Price System and the Microeconomy c) Types of cost, revenue and profit, short- run and long-run production Notes www.pmt.education Short-run production function Fixed ...

Filetype PDF | Posted on 06 Feb 2023 | 1 year ago

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...Cie economics a level topic price system and the microeconomy c types of cost revenue profit short run long production notes www pmt education function fixed variable factors in scale is there at least one for firms quantity labour might be flexible whilst capital can changed all costs are total product average marginal factor such as extra output derived per unit employed it example employing more staff small shop will make overcrowded falls input this worker over period time produced by number units e g amount law diminishing returns only occur could increased employ become less productive so return an adds to than before therefore still rises but increases slower rate linked how assumes that have resources state technology remains constant however rise things like out sourcing means cut their atc avc afc much produce calculated tc q given increase results cannot change some do not vary with rents advertising goods they indirect inputs process move new factory or premises which possi...

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Posted on: 06 Feb 2023 | 1 year ago
Tag: download pdf, types, cost, revenue, profit, short, long, production,
Filetype: PDF
File size: 0.61 MB
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