2. What are costs of production? How do costs of production influence profit?

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Tommy Barajas

23 August, 21:27

2. What are costs of production? How do costs of production influence profit?

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Justine Avila · Answer 1

If the cost of the production is large then you will get less profit as you would simply just be earning back what you spent and therefore earning nothing out of the production due to the cost of the production.