Microeconomics ECF1100 Summary of "Rules" HD
Subject notes for Monash ECF1100
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
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