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CMA (Cost Minimization Analysis) is a method which seeks to minimize the cost of the output, which has the form of standard. CMA (Cost Minimization Analysis) is a method which seeks to minimize the cost of the output, which has the form of standard. This method is used if we have set the desired output standard. CMA is one of the monocriterial evaluation methods of public expenditure. Inputs are monetary units, outputs are not measured.
| PowerPoint PPT presentation | free to view. THEORY OF PRODUCTION AND COST-The short-run is a period of time such that there is at least one fixed factor. The long-run is a period of time such that all inputs are variable in quantity. ...| PowerPoint PPT presentation | free to view. LONG-RUN COSTS-Cost Minimization Suppose a firm has a production function with two variable inputs, labor (L), and capital (K).Q = f(L, K) This production function can be ...he long-run is a period of time such that all inputs are variable in quantity. ... | PowerPoint PPT presentation | free to view. LONG-RUN COSTS-Cost Minimization Suppose a firm has a production function with two variable inputs, labor (L), and capital (K). Q = f(L, K) This production function can be ...