Determine a major portion of cost of productions
Assignment:
For many corporations such as utility companies, a major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions? Why?
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Explain sense in which criminal penalties are prices designed to elicit efficient. Why should unsuccessful attempts to commit a crime be punished? If so, why?
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For many corporations such as utility companies, a major portion of the cost of production is fixed in the short run.
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