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In chapter 8, you are to choose a company and, very specifically, describe their production costs. Choose a company that is well-known and be sure
In chapter 8, you are to choose a company and, very specifically, describe their production costs. Choose a company that is well-known and be sure to include the following: fixed costs, variable costs, and mixed costs NOTE: you do not have to list $ amounts for these costs. Instead, list they type of costs. For example, McDonalds' variable costs include hourly wages, supplies, electricity, and ingredients. Their fixed costs are building rent/mortgage and supervisor salaries. No dollar amounts are needed. labor, capital, and other inputs required for the business to operate explicit and implicit costs Does the company experience any economies of scale (while you probably don't have exact numbers for this answer, you can make an educated guess https://www.studocu.com/en-us/document/american-university-usa/macroeconomics/chapter-8-summary-macroeconomics/1080183
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