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Ths cost analysis refers to the measure of the cost output relationship, i. e. the economists are concerned with determining the cost incurred in hiring the inputs and how well these can be re arranged to increase the productivity output of the firm...
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Definition: In economics, the Cost Analysis refers to the measure of the cost – output relationship, i.e. the economists are concerned with determining the cost incurred in hiring the inputs and how well these can be re-arranged to increase the productivity (output) of the firm....
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