Answered: 5. The effort is measured by a.…

Business

Economics

5. The effort is measured by a. Man-time b. All of the answers c. Man-money d. money-time

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter8: Output, Price, And Profit: The Importance Of Marginal Analysis

Section8.A: Appendix The Relationships Among Total, Average, And Marginal Data

Problem 1TY

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Concept explainers

Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.

Question

Software Economics
please answer quickly

5. The effort is measured by

a. Man-time

b. All of the answers

c. Man-money

d. money-time

4. It is not important to figure out how much the software will cost, before development

a. TRUE

b. FALSE

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