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Modern theory of cost is that the Economist belief that the average cost curve and marginal cost curve (AC & MC) are "L" shaped.
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What is modern theory of cost of production?
the traditional theory explains cost curve u shape, but in modern theory says that cost curve L shape
Differences between modern and traditional theory of cost?
The differences between modern and traditional theory of costs relate to international trade. Traditional theorists thought that there should be a separation from internal trade and internal relations while modern theorists felt the terms were the same.
What is the most modern theory of light?
The most modern theory of light is the quantum theory.
Who is the father of modern theory?
HENRY FAYOL is the father of modern operational management theory.
Who propounded the comparative cost theory?
The comparative cost theory was propounded by the economist David Ricardo in the early 19th century. This theory explains how countries can benefit from trade by specializing in the production of goods for which they have a lower opportunity cost compared to other nations. Ricardo's ideas laid the groundwork for modern international trade theory, emphasizing the advantages of trade even when one nation is less efficient in producing all goods.
Who is the father of modern management theory?
HENRY FAYOL is the father of modern operational management theory.
When was the modern portfolio theory developed?
. Harry Markowitz established the foundation of modern portfolio theory in 1952.
What is the modern theory of evolution also known as?
The modern theory of evolution is also known as the synthetic theory of evolution or the modern synthesis. It combines Darwin's theory of natural selection with genetics and other fields of biology to explain how organisms evolve over time.
What is meant by theory of evolution?
The term 'modern theory of evolution' most likely refers to the 'modern synthesis', which combines Darwin's classical model with modern genetics.
In what way does Dalton's theory differ from modern atomic theory?
he was wrong
What is the theory that marks the beginnings of modern physics?
It's the Quantum Theory.
What is the cost-plus-markup theory?
Cost-plus-markup theory is the theory that business firms calculate their unit costs and add on a percentage markup.
