Economy, asked by sram36651, 5 days ago

when increase in production why cost of production?​

Answers

Answered by ushaurya063
0

Answer:

Because the cost of production and the desired profit equal the price a firm will set for a product, if the cost of production increases, the price for the product will also need to increase

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Answered by mig14015
0

Answer:

Because the cost of production and the desired profit equal the price a firm will set for a product, if the cost of production increases, the price for the product will also need to increase.

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