Ahmad has recently started a new bread-making business. As an analyst, assist Ahmad in providing an overview of what is

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Ahmad Has Recently Started A New Bread Making Business As An Analyst Assist Ahmad In Providing An Overview Of What Is 1 (184.36 KiB) Viewed 10 times

Ahmad has recently started a new bread-making business. As an analyst, assist Ahmad in providing an overview of what is going on in the production. a) In the short run, the following cost was incurred by a bread factory. State whether each cost is a fixed or variable cost. i) Salary of employees ii) Rent of factory iii) Cost of power iv) Interest on a loan v) Flour and butter production. (5 Marks) (5 Marks) b) Differentiate between short-run and long-run