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{
    "id": 467084,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/467084/?format=api",
    "text_counter": 274,
    "type": "speech",
    "speaker_name": "Hon. Wakhungu",
    "speaker_title": "",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "In production, we say that the total cost of production is equal to fixed cost plus the variable cost. We have heard a notion that unscrupulous business people are increasing prices illegally but this is not the case. If the production costs have gone up, definitely the total cost will go up. Price is equal to total cost plus the percentage profit margin."
}