Question

Separate Examples/situations of below given incremental principle in managerial economics?

(i) It increases revenue more than costs.
(ii) It decreases some cost to a greater extent than it increases others.
(iii) It increases some revenues more than it decreases others.
(iv) It reduces costs more than revenues.
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Answer 1

Answer:

The incremental principle may be stated as follows: A decision is a profitable one if— it increases revenue more than cost. it decreases some costs to a greater extent than it increases others. it increases some revenues more than it decreases others and. it reduces cost more than revenues.

Explanation:

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Answer 2

Answer:

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