Discussion Question 2: Decision making in a business environment requires an understanding of cost and revenue data.

Discussion Question 2:

Decision making in a business environment requires an understanding of cost and revenue data. This includes an understanding of marginal and incremental analysis, as well as basic cost and revenue relationships. Explain how a basic understanding of these concepts, as well as of managerial economics, can enhance the managerial decision-making process. Justify your answer.

500 words, APA format

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