Assess the importance of causality in estimating cost functions/relationships
Assess the importance of causality in estimating cost functions/relationships.
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A cost function can be referred to as a formular that explains costs associated to a particular level of output or action. Cost functions are used by the business in order to calculate the cost of production, and also to help set prices of a product in order to achive the planned profit margin……
APA
283 words
