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1 . If labour is a scarce resource ,how might the business maximise its profits? 2.'Outside the relevant range, cost behaviour patterns may not hold.'

1 . If labour is a scarce resource ,how might the business maximise its profits?

2.'Outside the relevant range, cost behaviour patterns may not hold.' Explain this statement

3.Why is it important for an entity to determine the costs incurred and how these costs behave?

What purpose/purposes is this cost information used?

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