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Consider this proclamation: "To make effective decisions, managers should employ basic cost and revenue relationships."

What are revenue and cost relationships? Discuss them comprehensively.

What is the differentiation between marginal and incremental analysis? How can the method and tools of managerial economics aid in decision making?

Sustain your answers with illustrations and reasoning. Comment on the postings of at least two peers.

Operation Management, Management Studies

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  • Reference No.:- M914553

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