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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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