<span>When you make this decision, you are primarily using your critical thinking. You are using information you were given in the past and applying it to future events.</span>
Answer and Explanation:
As per the data given in the question,
For incremental revenue the selling price of UB40 should be considered before and to verify incremental profit., after the further process and the value of additional cost should be considered
Hence, I, II, III, IV are relevant for decision making and V is irrelevant for decision making because it is sunk cost.
Answer:
$250
Explanation:
Given that
The cut down worth of the trees = $200
Worth of bookshelves = $250
Worth of lumber = $150
In order to find out the nation GDP, we recognize the final goods i.e book shelves price rather than the intermediate goods i.e trees and the lumber. It only deals with the market price of the goods i.e only with the bookshelves price. So only $250 is the final gods produced