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The cost is the amount of money to produce something or to buy something, while value is the consumer's expectation of the product quality to the actual cost paid for it.

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What is the relationship between cost and value?

Sacrifice and Worth. If it's worth, you will sacrifice. If its sacrifice, it is worth.


Relationship between fixed cost and variable cost?

There is a huge relationship between fixed cost and variable cost. These two costs are the opposite of each other.


What is the relationship between the mana cost and mana value of a card in the game of Magic: The Gathering?

In Magic: The Gathering, the mana cost of a card determines how much mana you need to pay to cast it, while the mana value of a card refers to the total amount of mana symbols on the card. The relationship between the two is that the mana cost must be equal to or less than the total mana value of the card in order to cast it.


What is the relationship between total cost curve and variable cost curve?

estimated cost


What is meant by p value?

the p-value is used in statistics. It shows how strong the relationship between the variable are. Normally it is between -1 and 1. The closer it is to one the stronger the relationship is. the p-value is used in statistics. It shows how strong the relationship between the variable are. Normally it is between -1 and 1. The closer it is to one the stronger the relationship is.


What is the relationship between long-run average cost curve and short-run average cost curve?

what is the relationship between long run average cost curve and short run average cost curve?


What is the relationship between interest rate with present value and future value?

direct


The relationship between the value of money and the price level?

There is an inverse relationship between value of money and the price level. So if the value of money is low, then the price level is high or if the value of money is high, then the price level is low.


What is the relationship between total fixed cost and output?

What is the relation ship between total fixed cost and output?


Relationship between marginal cost and average total cost?

The cost curves best tells us the relationship between the marginal cost and average total cost. The average fixed cost (AFC) curve will decline as additional units are produced, and continue to decline.


What the difference between actual value and earned value?

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Discuss the relationship between product and cost curves?

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