Is cost a function of time?

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asked Sep 19, 2021 129k views

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Deepakchethan · Answer 1 · 2021-09-23T16:00:13+0000

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.

Is cost a function of time?

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