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How do managers make decisions when presented with data?
Marginal Cost
The extra expense associated with manufacturing an additional unit of a product.
Fixed Costs
Costs that do not change with the level of output produced, such as rent, salaries, and insurance premiums.
Birthday Cakes
Specialized cakes decorated and made to celebrate a person's birthday.
Boat Tours
Guided excursions on boats or ships designed to provide passengers with leisure, entertainment, and the opportunity to explore waterways and coastal areas.
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