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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Financial decision making for managers session 11 DQ

Financial decision making for managers session 11 DQ

Q 1. How would a manager use economic theory to determine profit-maximizing price for a service or product?

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The utilization of economic theory will be done for the purpose of profit maximization for service or product through making sure that the products are sold in high volumes. The profit increase is made sure by the economic theory in order for business expansion to be promoted. The managers are assisted to know the actual difficulties in the