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Problems with measuring cost

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What types of problems may arise when measuring cost for short-run cost estimation? Why are they considered problems and what are possible resolutions?

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Solution Summary

The solution discusses what types of problems may arise when measuring cost for short-run cost estimation.

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In the short run, there could be problems with things such as inflation, transportation issues (added expenses), changes in average variable cost(s), changes to the long-run cost estimation, changes in taxes, changes in cost of commodities, increase ...

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