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production and manufacturing of any business entity are subject to the limited availability of resources such as land, laboratory, capital and entrepreneurship. This situation might
production and manufacturing of any business entity are subject to the limited availability of resources such as land, laboratory, capital and entrepreneurship. This situation might put the limitation in supply. Therefore, the company should play an important role in deciding the products should be produced since they are unable to produce all products at the maximum quantity. The best way might be by considering on the possible combination of production... You are required to explain about the assumption, factors and general situation in view of economics
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