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Why the average cost of producing a commodity

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Reference no: EM132431332

1. Identify the type of costs on each case:-

1. payment for the office stationary

2. interest cost of owner's capital

3. machinery bought for 2million Frs in 2006 while its current market price is 15Million frs

4. the salary of administrative personnel

2. Examine the factors which explain why the average cost of producing a commodity declines with an expansion in the scale of production

Reference no: EM132431332

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