Business Finance
cost analysis

Question Description

I need help with a Business question. All explanations and answers will be used to help me learn.

  • Pick a good or service. Distinguish between the short-run and the long-run production and cost function for that good or service. Discuss how price plays a role in short-run and the long-run decisions and how managers are likely to respond in each case.
  • Using the same good or service from above. Identify the fixed and variables costs are for the good or service. Based upon the costs identified, recommend whether to produce or not produce the good or service. Provide a rationale with your response

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Final Answer

nanas (13)
Carnegie Mellon University

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