EPISODE · May 11, 2009 · 4 MIN
Cost theory
from Econs for the Ipod · host Jonathan Evans
In this podcast, we examine the concepts of fixed and variable costs and use them to determine the short run and long run of a business. We also differentiate between the accounting costs of a firm and the economic cost of a firm.
What this episode covers
In this podcast, we examine the concepts of fixed and variable costs and use them to determine the short run and long run of a business. We also differentiate between the accounting costs of a firm and the economic cost of a firm.
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Cost theory
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