A firm builds wooden shipping crates. How does the cost of producing a 1-cubic-foot crate (each side
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A firm builds wooden shipping crates. How does the cost of producing a 1-cubic-foot crate (each side is 1 foot square) compare to the cost of building an 8-cubic-foot crate if wood costs $1 per square foot and the firm has no labor or other costs? More generally, how does cost vary with volume?
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The total cost of building a 1cubicfootcrate is 6 It costs fo...View the full answer
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