cop glasses p. 280 explicit costs
 

total cost, p. 270 marginal product, p. 273 marginal cost, p. 278
profit,cop glasses, p. 270 diminishing marginal product,wholesale diesel jeans, p. 273 efficient scale, p. 280
explicit costs, p. 271 fixed costs,mulberry alexa oak, p. 277 economies of scale, p. 284
implicit costs,Herve Leger High Neck Minidress black sale, p. 271 variable costs, p. 277 diseconomies of scale, p. 284
economic profit, p. 272 average total cost,zebra chi flat iron, p. 278 constant returns to scale, p. 284
accounting profit, p. 272 average fixed cost, p. 278
Questions for Review
1. What is the relationship between a firm's total revenue, 5. Define total cost, average total cost, and marginal cost.
profit, and total cost? How are they related?

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