How much profit did the restaurant earn in each period? Remember that the quantity on the graph is measured in hundreds. You can move your mouse over the points to find specific values. Period 1: $ 15600 Period 2: $ 10500 Period 3: $ 4800

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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.