If on the Y axis you have 10 and the x axis you have 40 and straight slope goes from 10 to 40 "what is the cost of producing 4 units of good y? (using the concept of the slope of a straight line) A. 4 uints of x B. 16 units of x C. 1/4 units of x D. 40 units of x

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Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.