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Estimate the production cost for a simple product you may have purchased. Try costing a product with fewer than 10 components, such as a floppy

Estimate the production cost for a simple product you may have purchased. Try

costing a product with fewer than 10 components, such as a floppy disk, a pen, a

jackknife, or a babys toy. Remember that one reasonable upper bound for your estimate,

including overhead, is the wholesale price (between 50 percent and 70 percent

of retail)

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