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  • Rajesh Maity - Economics

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    rajeshkumarmaity2001
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    1. The document discusses several cost estimation models used in economics including the high-low method, location diagram model, marginal cost model, and step cost model. 2. The high-low method identifies variable and fixed cost components by analyzing costs at high and low production levels. 3. The location diagram model estimates the reduction in production costs as the amount produced increases, assuming workers gain experience and become more efficient. 4. The step cost model assumes costs remain constant over a range of production levels and then increase as production increases to the next level.

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    13001620043_rajesh maity_economics

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    1. The document discusses several cost estimation models used in economics including the high-low method, location diagram model, marginal cost model, and step cost model. 2. The high-low method identifies variable and fixed cost components by analyzing costs at high and low production levels. 3. The location diagram model estimates the reduction in production costs as the amount produced increases, assuming workers gain experience and become more efficient. 4. The step cost model assumes costs remain constant over a range of production levels and then increase as production increases to the next level.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    4 views4 pages

    Rajesh Maity - Economics

    Uploaded by

    rajeshkumarmaity2001
    1. The document discusses several cost estimation models used in economics including the high-low method, location diagram model, marginal cost model, and step cost model. 2. The high-low method identifies variable and fixed cost components by analyzing costs at high and low production levels. 3. The location diagram model estimates the reduction in production costs as the amount produced increases, assuming workers gain experience and become more efficient. 4. The step cost model assumes costs remain constant over a range of production levels and then increase as production increases to the next level.

    Copyright:

    © All Rights Reserved
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