The Relationship betweenTotal Cost and Marginal Cost

Outline Flow of inventory cost Items and costs of merchandising inventory Assigning costs to inventory Lower of cost or market Errors in measuring inventory Inventory estimating method

Cost Minimization Content Definitions Properties of cost function WACM Some forms of cost functions

Duality Given the technology we can obtain the cost function are the cost function contains the same information of the technology (production function)? If the answer is yes, then the cost minimization behavior will indicate the technology of the firm

▪ Introduction ▪ Transformation of Relational Expressions ▪ Catalog Information for Cost Estimation ▪ Statistical Information for Cost Estimation ▪ Cost-based optimization ▪ Dynamic Programming for Choosing Evaluation Plans ▪ Materialized views

Introduction Transformation of Relational Expressions Catalog Information for Cost Estimation Statistical Information for Cost Estimation Cost-based optimization Dynamic Programming for Choosing Evaluation Plans Materialized views

Introduction Transformation of Relational Expressions Catalog Information for Cost Estimation Statistical Information for Cost Estimation Cost-based optimization Dynamic Programming for Choosing Evaluation Plans Materialized views

Duality Given the technology, we can obtain the cost function, are the cost function contains the same information of the technology (production function)? If the answer is \yes\, then the cost minimization behavior will indicate the technology of the firm

Cost Minimization Content: Definitions Properties of cost function WACM Some forms of cost functions lecture3 for Chu Kechen Honors College

Unit 1.Price I. Basic knowledge of pricing 1.Cost structure: cost of production, selling and delivery costs, taxes and tariffs a. Cost of production Costs related to the product manufacture: labor, raw materials