Chamberlain ECON 312 ECON312 Week 4 Discussion Concept of Cost

Chamberlain ECON 312 ECON312 Week 4 Discussion Concept of Cost

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ECON 312 Week 4 Discussion Concept of Cost (Chamberlain College of Nursing)

What are the differences between economic and accounting concepts of cost? How would you manage the costs associated with a value-creation activity? How do costs of operations relate to the strategy of the organization?

Instructor lead discussion question:

Question:
Why do we expect to sometimes observe diseconomies of scale?