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Factor the opportunity cost of decision

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Reference no: EM131651136

If you were the chief executive officer (CEO) of Johnson and Johnson, describe a situation in which you would use marginal analysis to make a business decision. What type of business decision would you make? How would you determine the marginal benefit and marginal cost of the decision? To what extent would you factor the opportunity cost of your decision? And what types of trade-offs would you likely face when you make your decision?

Reference no: EM131651136

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