Description

This document contains a highly summarised version of the various rules that you need to remember for the Final Exam. E.g. Opportunity cost = things that must be forgone to acquire another item Total cost of a business = implicit + explicit costs Implicit = costs that do not require an outlay of money by the firm Explicit = costs that require an outlay of money by the firm.


Monash

Semester 1, 2017


8 pages

2,487 words

$29.00

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