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A manager invests $400,000 in a technology that should reduce the overall costs of production. The company managed to reduce their cost per unit from
A manager invests $400,000 in a technology that should reduce the overall costs of production. The company managed to reduce their cost per unit from $2 to $1.85. This affects
a. | Economic profits | |
b. | Accounting profits | |
c. | Both a and b | |
d. | None of the above |
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