Economic Decision Making Using Cost Data: A Guide for Managers: A Guide for Managers - Brossura

Marburger, Daniel; Peterson, Ryan

Brossura

ISBN 10: 1606495127 ISBN 13: 9781606495124

Casa editrice: Business Expert Press, 2013

Riassunto

According to economic theory, production and costs follow patterns that are common to many firms. In a world of perfect information, managers could utilize this cost data to make production decisions and set prices. In the real world, however, much of this information remains unknown.

Common accounting practices are designed with record-keeping as the end goal rather than to present an accurate assessment of opportunity cost. Many times, managers do not recognize the difference between opportunity costs and accounting costs and, instead, rely upon the readily available accounting costs to make their decisions. This often leads to suboptimal decisions. The purpose of this book is to present production/cost theory, review various cost accounting methods and demonstrate how they may distort production and pricing decisions in light of the differences between accounting costs and economic theory.

Su questo libro

L'autore:

Daniel Marburger is Professor of Economics at Arkansas State University. He has a BS in General Management from Purdue University, an MBA from the University of Cincinnati, and a PhD in economics from Arizona State University. He has taught managerial economics at the MBA level for more than 20 years. Throughout his academic career, he has published over 20 scholarly articles, and has won three awards for excellence in teaching.

Product Description:

Book by Marburger Daniel M

Su questa edizione

• Editore: Business Expert Press
• Data di pubblicazione: 2013
• ISBN 10: 1606495127
• ISBN 13: 9781606495124
• Rilegatura: Copertina flessibile
• Numero di pagine: 140