Class notes
Section 1.4: Types of Cost in AP Microeconomics
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Uploaded on
16-03-2022
Written in
2020/2021
These are my notes that got me a 97% in the course. The notes provide a detailed examination and formulas of cost in the economy and how people use money. The notes cover (1) explicit and implicit cost, (2) economic cost, (3) sunk cost, (4) total cost, (5) fixed and variable costs, (6) marginal costs, (7) direct cost, and (8) opportunity cost. Hope these help and please let me know if you have questions regarding the notes.
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Institution
AP Microeconomics
Course
AP Microeconomics
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Written for
- Institution
- AP Microeconomics
- Course
- AP Microeconomics
Document information
- Uploaded on
- March 16, 2022
- Number of pages
- 6
- Written in
- 2020/2021
- Type
- Class notes
- Professor(s)
- -
- Contains
- Unit 01: basics of microeconomics
Subjects
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