A.Common cost = Cost associated with variable resource
B.Average cost = A study of returns and costs
C.Marginal cost = Additional cost to produce an additional unit of output
D.Prime cost = Cost related to fixed resources
A.Common cost = Cost associated with variable resource
B.Average cost = A study of returns and costs
C.Marginal cost = Additional cost to produce an additional unit of output
D.Prime cost = Cost related to fixed resources