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Each product produced is a "unit of production". Each unit has some cost to produce. Therefore, the higher the number of units are produced, the higher the total cost of production.
Marginal unit costs are a different issue. As production volumes increase, the marginal cost of producing one more unit may be either higher or lower than the cost of producing the one last made.
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What type of document are used and they interrelate (such as production drawings assembly circuit and wiring diagrams block and schematic diagrams)?
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Can you write a sentence using the word interrelate?
The different aspects of the project interrelate to create a cohesive final product.
Production cost formula?
cost of production formula
Different types of costs of production?
production cost, selling cost and sundry cost
What is meant by cost of production?
cost of production is the amout of money spend on the production of a perticular comodites.
What does interrelate mean?
Interrelate means to be connected or related to one another in some way. It implies a relationship or connection between different things or elements.
What is one country of comparative advantage in the production of a certain good?
It has a lower opportunity cost for production of that good.
How do you find the Cost of Production?
you product the cost
Is the production manager's salary is an example of variable cost?
Because the production manager's salary remains the same, regardless of the production level, this salary is a fixed cost, not a variable cost.
Is sales promotion cost a variable cost?
If it varies with the level of production then it is variable cost otherwise it is fixed cost.
Suggestion on cost saving or production improvement initiatives?
suggestion on cost saving or production improvement initiatives
What are the 4 economic factors of production on Chocolate?
Cost of cocoa beans Scale of production Cost to convert to chocolate Cost of selling and distribution
