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Managerial economics Express your thought base on the problem indicated below. You can explain your answer in words or in mathematical form. 1.Suppose you buy

Managerial economics

Express your thought base on the problem indicated below. You can explain your answer in words or in mathematical form.

1.Suppose you buy an accessory that will be used in your production activity and is worth a thousand of pesos (P1,000.00). In economic perspective, would you contend that is the only cost involved? Why or why not??

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