Measuring Cost: Which Costs Matter? Accounting Cost: Actual expenses plus depreciation charges for capital equipment Economic Cost: Cost to a firm of utilizing economic resources…
Pindyck/Rubinfeld Microeconomics The Cost of Production 7 C H A P T E R Chapter 7 The Cost of Production ‹Nº› of 49 CHAPTER 7 OUTLINE 7.1 Measuring Cost: Which Costs…
Slide 1 Measuring Cost and Impact Nick Hex Project Director 28 March 2012 Understanding the economics â why is it important? Importance of cost effectiveness in decision-making;…