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Documents Chapter 7 The Cost of Production. CHAPTER 7 OUTLINE 7.1Measuring Cost: Which Costs Matter? 7.2 Cost....

Chapter 7 The Cost of Production CHAPTER 7 OUTLINE 7.1 Measuring Cost: Which Costs Matter? 7.2 Cost in the Short Run 7.3 Cost in the Long Run 7.4 Long-Run versus Short-Run…