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What is fixed cost and variable cost?
By the Production Function to Cost Curves:
A fixed cost is a cost which does not depend onto the quantity of output generated. This is the cost of the fixed input.
A variable cost is a cost which depends onto the quantity of output generated. This is the cost of the variable input.
if we impose any rule and regulation on clasical model like not expoit polutionso what is effect on factor of clasical model
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assumptions of opportunity cost
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