Mathematically, economic profit is 0 total revenue 3-! [explicit costs – implicit costs} Cl total revenue – [explicit cos;s – implicit costs} Cl…

My computer skill is not good sorry. So I capture questions. It is micro economics questions and very basic. 28questions.

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The addition to total costs associated wilh the production of one more unit of output is referred to as El average cost ‘ marg’rlal cost D op:l:|»orl.|.|nit|.r cost In overhead cost if average…

 
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