Describe a situcation where this firm may experience

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Reference no: EM133531408

Question: Pick a firm, perhaps one from which you make purchases or your place of employment, and provide a comprehensive discussion of the types of costs they incur. Note: You do not need to give specific dollar values for costs. This discussion is focused on giving general examples of different types of costs. Tell us about your firm's fixed costs. Tell us about your firm's variable costs. Can you give an example of an implicit cost that might impact the firm's decision making? Explain. Can you describe a situation where this firm may experience diminishing marginal returns? Can you identify any economies of scale they potentially experience?

Reference no: EM133531408

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