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Cost Analysis
Chapter 7
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Basic concepts
A. Production & costs
B. Economic analysis of costs
A. Total costA. Fixed
B. variable
B. ar!inal cost
C. Avera!e cost
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Basic concepts" cont#d$.
B. Economic costs & business accountin!
A. %ncome or profit & loss statement
B. Balance sheet
C. pportunity costs
A. pportunity costs & mar'et price
B. pportunity cost ((( )hen mar'ets are not
present
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Chapter 7
Table 7-1
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Chapter 7
Table 7-2
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The *elationship bet)een Total
Cost and ar!inal Cost
Chapter 7
Figure 7-1
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Chapter 7
Table 7-3
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All Cost Curves Can Be +erived
from the Total Cost Curve
Chapter 7
Figure 7-2
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Chapter 7
Table 7-4
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*elation of ,lope and ar!inal
Cost
Chapter 7
Figure 7-3
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+iminishin! *eturns and
-(,haped Cost Curves
Chapter 7
Figure 7-4a
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+iminishin! *eturns and
-(,haped Cost Curves
Chapter 7
Figure 7-4b
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Chapter 7
Table 7-5
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Chapter 7
Table 7-6
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Chapter 7
Table 7-7
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A di 7A
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Appendix 7A
Table 7A-1
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A di 7A
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E2ual(Cost 1ines
Appendix 7A
Figure 7A-2
A di 7A
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1east(Cost %nput Combination Comes
at C
Appendix 7A
Figure 7A-3
A di 7A
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Appendix 7A
Table 7A-2
