File Details
Managerial Economics - Definition, Nature, Scope | |
File name | Managerial Economics - Definition, Nature, Scope |
File Description | Incremental concept The Incremental concept is estimating the impact of a business decision on costs and revenues, stressing the changes in total cost and total revenue that result from changes in prices, products, procedures, investments, or whatever may be at stake in the decision. The two basic concepts in this analysis are incremental cost and incremental revenue. 1.The change in total cost resulting from a decision. 2.The change in total revenue resulting from a decision. |
Category Name | Management Studies |
Subject Name | BUSINESS ECONOMICS |
Module Name | Basic Economic Principles |
Micro Category Name | Incremental Concepts |
Level | Masters |
File Type | |
File | Login to Download |
File | Login to Download |