Class Notes (839,483)
Canada (511,363)
Economics (1,296)
ECN 110 (26)
Lecture

chapter 4

2 Pages
111 Views

Department
Economics
Course Code
ECN 110
Professor
Tsogbadral Galaabaatar

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Description
COSTS OF PRODUCTION1 PRODUCTION COSTS AND PROFIT1 DEFINITIONS1 BUSINESS2 PRODUCTION3 INPUTS4 OUTPUT2 PRODUCTIVE EFFICIENCY1 LABOURINTENSIVE PROCESS2 CAPITAL INTENSIVE PROCESS3 PRODUCTIVE EFFICIENCY HIGHEST OUTPUT WITH LEAST INPUT3 ECONOMIC COSTS1 EXPLICIT COSTS2 IMPLICIT COSTS3 NORMAL PROFIT4 ECONOMIC COSTSEXPLICIT COSTIMPLICIT COSTS INCLUDING NORMAL PROFIT4 ECONOMIC PROFIT1 ACCOUNTING PROFIT2 ECONOMIC PR
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