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OpenStudy (andrewkaiser333):
How do we use production cost to decide how much to produce of a good?
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OpenStudy (andrewkaiser333):
@SolomonZelman
OpenStudy (andrewkaiser333):
anything?
OpenStudy (anonymous):
To determine what the final price should be? Risk vs reward? Can you be more exact please.
OpenStudy (anonymous):
High fixed cost = produce a lot. High variable cost = produce few.
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