what is cost function
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A cost function is a formula used to predict the cost that will be experienced at a certain activity level. ... Cost functions are also used in break even analysis, to determine the sales level at which a business will begin to generate a profit.
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A cost function is a formula used to predict the cost that will be experienced at a certain activity level. ... Cost functions are also used in break even analysis, to determine the sales level at which a business will begin to generate a profit.
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