Unformatted text preview: The classification of costs can be summarized as follows: Fixed Cost Variable Cost Indivisible large units Divisible small units Supplementary: Even in their absence some amount of production can be carried out. Without these factors no production can be carried out. Plant, machinery, manager, land, factory premises etc. Labor, raw materials, transport, freight etc....
View Full Document
This note was uploaded on 11/26/2011 for the course ECON MICRO ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10