PowerPoint Slides by Robert F. BrookerCopyright (c) 2001 by Harcourt, Inc. All rights reserved. The Nature of Costs Explicit Costs –Accounting Costs Economic.
Presented By: Ofir Chen Based on: Designing Markets for Prediction by Yilling Chen and David M. Pennock 2010.
Prepared by Robert F. Brooker, Ph.D. Copyright ©2004 by South-Western, a division of Thomson Learning. All rights reserved.Slide 1 Managerial Economics.
1 Chapter 8 COST FUNCTIONS. 2 Definitions of Costs It is important to differentiate between accounting cost and economic cost –the accountant’s view of.
