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11th unit - PowerPoint PPT Presentation

Reviewing Production

Reviewing Production. Three Stages of Returns. Stage I: Increasing Marginal Returns MP rising. TP increasing at an increasing rate. Why? Specialization. . Total Product. Total Product. Quantity of Labor. Marginal and Average Product. Average Product. Quantity of Labor. 2.

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781 views • 70 slides

Costs

Costs. AS Business Studies Operations Management . Uses of Cost Data. Information about costs is essential to making profitable decisions such as where to locate the business Marketing managers will use this information to help make pricing decisions

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277 views • 13 slides

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11th unit - PowerPoint PPT Presentation

Reviewing Production

Costs