Review the Chapter 12 textbook reading, which covers concepts on costs of production and how it is common for firms to face increases in the cost of inputs like labor and materials.
Additionally, find an article using your subscription to the Wall Street Journal detailing an instance where a firm faces an increase in its cost of inputs like labor and materials.
In your post, summarize your article and explain which input costs are increasing and why. Be sure to reference the section 12-5, Table 3 to review the various types of cost