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How would a manager use economic theory

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Question 1: How would a manager use economic theory to determine profit-maximizing price for a service or product and what is the process of target costing? How is target cost calculated?

Reference no: EM132590055

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How would a manager use economic theory : How would a manager use economic theory to determine profit-maximizing price for a service or product and what is the process of target costing?
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