What forms the foundation of the marginal cost approach?

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What forms the foundation of the marginal cost approach?

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  • 12 Dec, 2018

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The difference between period costs and product costs forms the basis of the marginal cost approach in managerial implications.

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Period costs are the fixed cost whereas product cost in a variable and the project should determine a difference between them to form a base of the marginal cost approach in the managerial implications in business.

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