The method of estimating long-run costs in which knowledgeable professionals familiar with production facilities and processes calculate optimal combination of inputs to produce given quantities and then estimate costs is known as

A) engineering cost estimating.
B) the survivorship method.
C) regression analysis.
D) None of the above

A

Economics

You might also like to view...

What is the total revenue test?

What will be an ideal response?

Economics

As a consumer's income rises, the proportion of income spent on food falls. This assertion is known as

A) Law of Diminishing Marginal Utility. B) Law of Demand. C) Engel's Law. D) None of the above

Economics