1. The document discusses different types of costs including explicit costs, implicit costs, total costs, variable costs, fixed costs, marginal costs, average costs, and opportunity costs. 2. It also discusses the relationships between total costs, variable costs, and fixed costs. Marginal cost is defined as the change in total cost from a one unit change in quantity produced. 3. The document presents information from several students on topics like cost curves, average costs, demand in the short run vs long run, and the differences between short run and long run.

1. WELCOME IN OUR
PRESENTA
TION

2. .
COST
THEORY OF

3.  EXPLICIT COST.
 It is the paid-out cost.
 It means payments made
for the
 productive resources
purchased.
IMPLICIT COST.
 It is the cost of self-owned
resources
 such as salary of
proprietor
MD.KAMRUL HASSAN TUHIN
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COST EXPENSE

4. TOTAL
COST
TC=FC+VC
VARIABLE
COST
VC=TC-FC
FIXED
COST
FC=TC-VC

5. MD TAHRIM AHMED
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MARGINAL
COST
CHANGES IN THE TOTAL
COST RESULTING FROM
THE UNIT CHANGE IN THE
QUANTITY PRODUCED.
MC=Change in Q/Change in TC.
CHARACTERI
STICS OF
MARGINAL
COST
CLASSIFICATION
INTO FIXED
COST AND
VARIABLE COST
VALUATION OF
STOCK
PROFITABILA
TY
DETERMINATI
ON OF PRICE

6. AVERAG
E COST
1.Average fixed cost.
2.Average variable
cost.
3.Average total cost.

7. RAJU AHAMMED
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1.
• TOTAL COST
2.
• VARIABLE COST
3.
• FIXED COST
RELATIONSHIP AMONG

8. MUSTAFIZUR RAHMAN AMAN
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OPPORTUNITY
COST/LOSS
OPPORTUNITY
GAIN
WHEN THE BENEFIT
ACQUIRED FROM THE
CURRENT EQUIPMENT OF
THE RESOURCES IS LESS
THAN FROM ITS BEST
ALTERNATIVE USE IS
CALLED OPPORTUNITY
LOSS
WHEN THE BENEFIT ACQUIRED
FROM THE CURRENT EQUIPMENT
OF THE RESOURCES IS GREATER
THAN FROM ITS BEST
ALTERNATIVE USE IS CALLED
OPPORTUNITY GAIN

9. MD NURUDDIN
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AVERAGE TOTAL COST
Average total cost is
the sum of all the
production costs
divided by the
number of units
produced

10. MD MIRAZ KHALIFA
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AVERAGE
FIXED COST
AVERAGE
VARIABLE
COST
Average fixed cost (AFC)
is the fixed costs of
production (FC) divided by
the quantity (Q) of output
produced.
Average variable
cost (AVC) is the variable
costs of production (VC)
divided by the quantity (Q)
of output produced.

11. SAJIB HOSSAIN
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12. MONTASIR RIDOY
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LRAC
CURVE
ENVELOP
CURVE
U-SHAPED
CURVE
OPTIMUM
SCALE OF
POINT
LEAST COST
OF
PRODUCING
TANGENT
CURVE
THE CHARACTERISTICS OF LRAC
CURVE

13. ABU BAKR SIDDIQ
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DERIVATION OF LRAC CURVE FROM SRAC
CURVE

14. NILOY CHANDRA SAHA
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DIFFERENCE BETWWEN SHORT RUN &
LONG RUN COST CURVE
SHORT RUN LONG RUN
SHORT RUN
DEMAND IS
THE DEMAND
WITH ITS
IMMEDIATE
REACTION TO
PRICE
CHANGES,INC
OME
FLUCTUATIONS
SO ON
LONG RUN
DEMAN IS THE
DEMAND
WHICH WILL
ULTIMATELY
EXIST AS A
RESULT OF
THE CHANGES
IN PRICING ,
PROMOTION
OR PRODUCT
IMPROVEMENT

15. DIFFERENC
ES
SHORT RUNLONGRUN
ALL RESOURCES ARE
FIXED.
LONG-RUN DECISIONS ARE
NOT EASILY REVERSED.
HAVE NO FIXED FACTOR OF
PRODUCTION
OTHER RESOURCES USED
BY THE FIRM(SUCH AS
LABOR,RAW MATERIALS
AND ENERGY)CAN BE
CHANGED IN THIS SHORT
RUN.
SHORT RUN DECISIONS ARE
EASILY REVISED.
HAVE FIXED FACTOR OF
PRODUCTION.