How can the economic way of thinking about costs help you

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Question: For a large company proposing the launch of a new product or service: How can the economic way of thinking about costs help you develop a more sophisticated project proposal?

The economic way of thinking is to explore how these fixed, variable and total costs vary on a per-unit basis over the short run and then consider how the scale of operations can influence these costs per unit over the long-run

 

Reference no: EM133428383

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