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150 word response to the following 4 questions Please number responses based on instructions

Date Posted: 31/10/2021
Category: Economics
Due Date: 31/10/2021
Instruction
(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)Making business decision always involve costs. The issue is how accurate the cost data was and how robust was the decision that utilize the cost data. Please 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? (3)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. (4)Please 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.
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