_____ cover topics such as cost concepts, methods of estimating
costs etc.
A Production analysis
B Supply analysis
C Cost analysis
D Demand analysis
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option A PRODUCTION ANALYSIS
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Cost analysis covers topics such as cost concepts, methods of estimating costs, etc.
- Cost analysis is a measurement of the cost-output relationship in economics, i.e., economists are interested in determining the cost of employing inputs and how well they may be rearranged to increase a firm's productivity.
- To put it another way, cost analysis is concerned with determining the monetary value of inputs, also referred to as the overall cost of production, to determine the most efficient level of production.
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