Tag Archives | Theory of Cost

Top 8 Examples to Illustrate the Theory of Cost | Microeconomics

List of top eight examples to illustrate the theory of cost. Example 1. The short-run cost function of a company is given by C = 190 + 53 Q, where C is the total cost and Q is the quantity of output. (i) What is the company's fixed cost? (ii) If the company produces 100 units, what is the average [...]

By |2016-09-17T15:57:24+05:30September 17, 2016|Theory of Cost|Comments Off on Top 8 Examples to Illustrate the Theory of Cost | Microeconomics

Theory of Cost: Purpose, Factors and Concept (With Diagram)

In this article we will discuss about theory of Cost:- 1. Subject-Matter on Theory of Cost 2. Information on Cost 3. Purpose of Cost Data 4. Decisions Requiring Cost Information 5. Costs and Expenses 6. Factors Affecting Cost Behaviour. Subject-Matter on Theory of Cost: We may now set forth the fundamentals of the theory of cost. Since cost and productivity [...]

By |2016-05-16T07:53:42+05:30May 16, 2016|Theory of Cost|Comments Off on Theory of Cost: Purpose, Factors and Concept (With Diagram)
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