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Per-Unit Production Cost Is Determined by Dividing Output by Total

question 181

True/False

Per-unit production cost is determined by dividing output by total input cost.


Definitions:

Dollar Value

The worth of a good or service expressed in terms of the amount of money that it can be bought or sold for in the market.

Form Utility

The value added by the process of transforming raw materials into a finished product that is more useful and valuable to consumers.

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