This episode explores cost analysis within managerial economics, focusing on its application in various business decisions. One segment offers a comprehensive overview of cost concepts, including fixed, variable, and marginal costs, illustrating their relationships graphically and mathematically. Another segment reviews the role of cost analysis in managerial decision-making, examining its use in pricing, profit planning, capital investment, and other areas. The third segment specifically addresses break-even analysis, detailing its calculations, assumptions, and applications for various managerial decisions. Finally, the last segment investigates cost-volume-profit (CVP) analysis, examining its importance in managerial decisions of manufacturing companies through a comparative study of two Nigerian firms.

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