Documents PowerPoint Slides by Robert F. BrookerCopyright (c) 2001 by Harcourt, Inc. All rights reserved. The....

Slide 1PowerPoint Slides by Robert F. BrookerCopyright (c) 2001 by Harcourt, Inc. All rights reserved. The Nature of Costs Explicit Costs –Accounting Costs Economic Costs…

Documents Prepared by Robert F. Brooker, Ph.D. Copyright ©2004 by South-Western, a division of Thomson...

Slide 1 Prepared by Robert F. Brooker, Ph.D. Copyright ©2004 by South-Western, a division of Thomson Learning. All rights reserved.Slide 1 Managerial Economics in a Global…

Documents revenue, cost and profit.

revenue, cost and profit. Revenue $100 Fixed costs $ 20 Variable costs $ 70 Profit $ 10 revenue minus cost equals profit. Handout Visual 3.2 Understand the relationships…