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Chapter 6 Chapter 6

Chapter 6 - PowerPoint Presentation

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Uploaded On 2016-04-22

Chapter 6 - PPT Presentation

Cost of Production Cost of Production Definition Production refers to the transformation of inputs into outputs or products In production there are direct costs and indirect costs Direct costs ID: 288410

costs cost fixed profit cost costs profit fixed economic 350 total output opportunity run variable accounting average explicit implicit

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