Economics A-Level
Cost of production
What Cost of production means in Economics A-Level, as defined for AQA.
Definition of Cost of production
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Reference: AQA
Changes in money wage rates, raw material prices and business taxation raise or lower this, shifting the short-run aggregate supply curve.
Topics that use Cost of production
- Determinants of short-run aggregate supply (AQA A-Level)
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Using Cost of production in the exam
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