Understanding production costs is a critically important concept for managers. In the short run, managers must consider variable costs and fixed costs. Based on your study and your experience, comment on how fixed costs affect decision making in the short run. Provide some examples to support your answer.


Discussion 3-Econ

Understanding production costs is a critically important concept for managers. In the short run, managers must consider variable costs and fixed costs. Based on your study and your experience, comment on how fixed costs affect decision making in the short run. Provide some examples to support your answer.

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