Economics Grows on Management is an easy to learn management concepts that help management/MBA students prepare for their exams in an easy way.Average variable cost (AVC) = Cost AFC Output Cost Output AVC AC AVC AFC Output Cost Reasons for the U - shape of AC curve: 1) Slow fall in AVC and fast fall in AFC lead to falling portion of AC curve. Fast rise in AVC and slow fall in ... Marginal cost is additional cost due to unit change in output. MC =TC n - TC (n-1) anbsp;...
|Title||:||Economics Grows on Management|
|Author||:||Dr. R. Mohan|
|Publisher||:||Jones Christopher - 2015-02-01|