Economic Decision Making Using Cost Data: A Guide for Managers
Language: English
Published by Business Expert Press, US, 2013
- Softcover
- New
Seller: Rarewaves.com UK, London, United KingdomRarewaves.com UK
AbeBooks seller since June 11, 2025
Condition: New
£ 24.36
Quantity: Over 20 available
Add to basketItem description from seller
According to economic theory, production and costs follow patterns that are common to many firms. In a world of perfect information, managers could utilize this cost data to make production decisions and set prices. In the real world, however, much of this information remains unknown.Common accounting practices are designed with record-keeping as the end goal rather than to present an accurate assessment of opportunity cost. Many times, managers do not recognize the difference between opportunity costs and accounting costs and, instead, rely upon the readily available accounting costs to make their decisions. This often leads to suboptimal decisions. The purpose of this book is to present production/cost theory, review various cost accounting methods and demonstrate how they may distort production and pricing decisions in light of the differences between accounting costs and economic theory.
Seller Inventory # LU-9781606495124
- Title
- Economic Decision Making Using Cost Data: A Guide for Managers
- Author
- Daniel Marburger, Ryan Peterson
- Publisher
- Business Expert Press, US
- Publication year
- 2013
- Condition
- New
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1606495127
- ISBN 13
- 9781606495124
- Item weight
- 215 grams
- Dimensions
- 15.24 x 0.76 x 22.86 cm
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Rarewaves.com UK
London, United Kingdom
AbeBooks seller since June 11, 2025
Shipping rates from United Kingdom to U.S.A.
| Item | 60 to 60 business days | 60 to 60 business days |
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