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Identify the skills that are critical to managerial success in government. Pick five skills to discuss in detail. Why did you choose these skills? What makes them important?
Price Charged
The amount of money required for the purchase of a good or service, set by the seller.
Maximize Profits
The process by which a company seeks to achieve the highest possible financial gain from its operations, often by adjusting production, prices, and costs.
Marginal Revenue
The extra revenue generated by the sale of an additional unit of a product or service.
Marginal Cost
The expense incurred in manufacturing an extra unit of a product or service.
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