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The Production Cost Relationship
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This five page paper explains the cost production relationship, looking at the production function and the cost function and then considering how costs may be distributed over different production levels. The paper, including one graph looks at using average fixed cost, average variable cost and average total cost in order to determine optimum production levels. The bibliography cites 3 sources.
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Pages:
5
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Filename:TS14_TEcostpr.rtf |
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Paper Title:
The Production Cost Relationship
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