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29 Sep 2019
Suppose you are the owner of a soft drink bottle manufacturing firm. You just opened your business and it turned out that the cost of producing the first bottle was substantial because you have to purchase machines and raw materials, hire people and rent a building. But as you produce more, you discovered that the total cost per bottle gradually decreases. What concept is being explained in the given example? Answer this using at least 150 words.
Suppose you are the owner of a soft drink bottle manufacturing firm. You just opened your business and it turned out that the cost of producing the first bottle was substantial because you have to purchase machines and raw materials, hire people and rent a building. But as you produce more, you discovered that the total cost per bottle gradually decreases. What concept is being explained in the given example? Answer this using at least 150 words.
Sonal BahlLv10
29 Sep 2019
