Production of an additional unit of output by the firm gives rise to
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Production of an additional unit of output by the firm gives rise to;
The cost.
The establishment of a new unit would effect the budgeting of the firm and would increase the production cost of the company. However, it may also gain profit if there is an increase in the demands of the goods of the firm.
Production of an additional unit of output by the firm gives rise to;
The cost.
The establishment of a new unit would effect the budgeting of the firm and would increase the production cost of the company. However, it may also gain profit if there is an increase in the demands of the goods of the firm.
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Explanation:
Which cost?
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