ECO 550 Week 4 Discussion
ECO 550 Week 4 Discussion
“Production Economics and Decisions” Please respond to the
following:From the scenario for Katrina’s Candies, determine the relevant
costs for the expansion decision, and distinguish between the short
run and the long run costs. Recommend the key decision-making
criteria that Katrina’s Candies should use for expansion decisions
in the short run and in the long run. Determine under what
conditions, a company should or should not continue to produce the
good or service.
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