Question: please help me with this question thank you!!! a) In your own words, please explain why cost volume profit analysis is important for short term-decision

please help me with this question thank you!!!

a) In your own words, please explain why cost volume profit analysis is important for short term-decision making. Please explain how total costs behave given the prevailing notion relating to fixed costs. b) In your own words, provide a resolution to the debate between Michael Mcnamara and Gregory Lau as it pertains to fixed costs

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