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The purpose of this assignment is to help you practice skills that are essential to success in this course and your professional life after graduation.
The purpose of this assignment is to help you practice skills that are essential to success in this course and your professional life after graduation. You will demonstrate how the different variables and costs affect marginal product, profit, output levels, and returns to scale. A manager needs to accurately assess his/her production function and cost structure to determine the optimal mix of factors to employ to maximize profit. You will build skills in seeking out relevant choices given the information then formulate a coherent analysis based on researched evidence. This assignment also requires you to clearly communicate in a written and presentation format (general education skills: critical thinking, communication, and information literacy) within a group
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