Homework answers / question archive / Grand Canyon UniversityFIN 504 1) Explain a situation you have observed (or read about) in which a firm made a decision considering irrelevant costs or did not consider relevant costs

Grand Canyon UniversityFIN 504 1) Explain a situation you have observed (or read about) in which a firm made a decision considering irrelevant costs or did not consider relevant costs

Economics

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Grand Canyon UniversityFIN 504

1) Explain a situation you have observed (or read about) in which a firm made a decision considering irrelevant costs or did not consider relevant costs. What was the outcome of the decision, and what could have been done differently?

2) Explain why pricing and production are extent decisions and not decisions that should be tackled with break-even analysis. Does the same apply for investment decisions? Provide a rationale to support your response.