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2 . 1 5 Cost function; opportunity cost; relevant costs LO 2 Yummy Yoghurt sells yoghurt cones in a variety of natural flavours. Data for
Cost function; opportunity cost; relevant costs LO
Yummy Yoghurt sells yoghurt cones in a variety of natural flavours. Data for a recent month follow:
Revenue $
Cost of ingredients $
Rent
Store attendant salary
Profit $
Required
a Categorise each cost as fixed or variable.
b Create a cost function.
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