If production costs are the determinants of value, how could you determine the value of a factory
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If production costs are the determinants of value, how could you determine the value of a factory built in 1960? If a retailer acquired his inventory of a good at varying prices over time, would the value of one item be higher than another because it was bought at a higher price?
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To determine the value of a factory built in 1960 you would need to consider a number ...View the full answer
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