Chevron and other refiners emphasize material resources in the conversion process. This implies that the material resources are
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In a given condition, wherein the cost of 4 automobile tires is $112, then the cost of one automobile tire will be $28.
<h3>What is the significance of cost?</h3>The actual cost per unit of a product can be referred to or considered as the total of total cost divided by the total number of units in an observation. From the given information, the use of formula for calculating the cost of one automobile tire will be done using the below method.
Therefore, the significance regarding the cost of one tire has been aforementioned.
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