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Upon successful completion of this module, you will be able to:

•Discuss the theory of costs
•Distinguish between the various categories of costs
•Contrast the short run costs to the long run costs
•Explain the break-even analysis
•Define the economies of scale
•List the various categories of real economies

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Module 1: Theory of Costs

Module 1: Theory of Costs

Theory of Costs – Learning Outcomes

Categories of Production Costs

The Short Run and Long Run Analyses

The Break-Even Analysis

Profit Volume Ratio and Margin of Safety

Economies of Scale

Theory of Costs – Lesson Summary

Course assessment

Course Assessment

We offer unlimited learning for free. Be a part of our mission.

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Learners with study reminders are 34% more likely to finish their course!

Set A Weekly Study Reminder

Set Study Reminders

Module 1: Theory of Costs

Module 1: Theory of Costs

Theory of Costs – Learning Outcomes

Categories of Production Costs

The Short Run and Long Run Analyses

The Break-Even Analysis

Profit Volume Ratio and Margin of Safety

Economies of Scale

Theory of Costs – Lesson Summary

Course assessment

Course Assessment

We offer unlimited learning for free. Be a part of our mission.

Support us in our mission to keep education free for all.

Pick Your Contribution Amount.

Select Payment Method

Thank you for being part of our mission!

“Education should be...”

Education should be... free and accessible.

Select Payment Method

Thank you for your contribution!

You’ve started now, make sure you finish!

Learners with study reminders are 34% more likely to finish their course!

Set A Weekly Study Reminder

Set Study Reminders

Set Study Reminder

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Education should be...
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