is cost a function of time?

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31-12-2020
Mathematics

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is cost a function of time?

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moyoajayi25 moyoajayi25 · Answer 1 · 2020-12-31T23:28:29+01:00

moyoajayi25 moyoajayi25

31-12-2020

Answer: A cost function is a mathematical formula used to used to chart how production expenses will change at different output levels. In other words, it estimates the total cost of production given a specific quantity produced.

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