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SAI INTERNATIONAL SCHOOL



                                                 ECONOMICS


                                                      Class-XI


                                         MICRO   ECONOMICS


                                                  CHAPTER -6


                                                        COST



                 (Module-41)



               TOPIC-
                  -Short run  cost

                  -AC/ATC
                  -AFC
                  -AVC
                  -Relationship among AC, AFC and AVC

                  -MC
               SHORT NOTES
                                            Per unit cost of production


                    Average cost (AC)                                          Marginal cost (MC)


                    Average fixed cost (AFC)                       Average variable cost (AVC)


               AC / (ATC): Per unit total cost of production. It is also known as unit cost of

               production.
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