analysis of cost is important in
the study of managerial economics
becauseit provides a basis for two
important decisions made by
(a) whetherto produce or not and
(b) how much to produce when a
decision is taken toproduce.
GROUPS & TEAMS
Study Question 1: How do teams contribute
A small group of people with complementary
skills, who work together to achieve a shared
purpose and hold themselves mutually
accountable for performance results.