1.??Production Economics and Decisions”??Please respond to the following: ??1-2 PARAGRAPHS
- From the scenario for Katrina???s Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs. Recommend the key decision-making criteria that Katrina???s Candies should use for expansion decisions in the short run and in the long run. Determine under what conditions, a company should or should not continue to produce the good or service.