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Department of Business Administration FALL 2010- 11 Cost Theory and Estimation by Assoc. Prof. Sami Fethi
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Chapter 8 © 2006 Thomson Learning/South-Western Costs
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Department of Business Administration FALL 2007-08 Cost Theory and Estimation by Asst. Prof. Sami Fethi
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Cost Theory and Estimation Dr Nihal Hennayake. 2 The Nature of Costs Explicit Costs – Accounting Costs Economic Costs – Implicit Costs – Alternative or
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Costs. 2 Basic Concepts of Costs Opportunity cost: the cost of a good or service as measured by the alternative uses that are foregone by producing the
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Sweatshops, Opportunity Costs, and Non-Monetary Compensation Evidence from El Salvador by Emily Skarbek.pdf
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