Friday, 30 March 2012

quiz 1

try to answer this questions!!!

  1. what is the formula to calculate total cost?
    total cost= total fixed cost + total variables cost
    total cost= total fixed cost - total variables cost
    total cost= total fixed cost + average variables cost
    total cost= Average fixed cost + total variables cost
  2. short run mean?
    fixed input only
    variables input only
    fixed and variables input
    marginal cost and marginal revenue
good luck!!

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