Order the answer to: This chapter discusses many types of costs: opportunity cost, to

Assignment Help business-economics Order the answer to: This chapter discusses many types of costs: opportunity cost, to

business-economics

Order the answer to: This chapter discusses many types of costs: opportunity cost, to

Question This chapter discusses many types of costs: opportunity cost, total cost, fixed cost, variable cost, average total cost, and marginal cost. Fill in the type of cost that best completes each sentence: a. What you give up for taking some action is called the ______. b. _____ is falling when marginal cost is below it and rising when marginal cost is above it. c. A cost that does not depend on the quantity produced is a(n) ______. d. In the ice-cream industry in the short run, ______ includes the cost of cream and sugar but not the cost of the factory. e. Profits equal total revenue less ______. f. The cost of producing an extra unit of output is the ______.
Subject business-economics
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