Cost theory
- Author
- Jonathan Evans
- Published
- Mon 11 May 2009
- Episode Link
- https://www.podomatic.com/podcasts/jonathanevans/episodes/2009-05-11T06_36_36-07_00
In this podcast, we examine the concepts of fixed and variable costs and use them to determine the short run and long run of a business. We also differentiate between the accounting costs of a firm and the economic cost of a firm.
