Final answer:
A cost/benefit analysis aids managers in decision-making by weighing marginal costs against marginal benefits. Without sufficient context, it's not possible to definitively say how the information will improve managerial effectiveness. The gains from providing better or cheaper products generally outweigh the losses, showcasing the value of this analysis.
Step-by-step explanation:
A key component of effective management is the ability to perform a cost/benefit analysis, which assists managers to make more informed decisions. By comparing the marginal costs and marginal benefits of a decision, a manager can determine whether the benefits of producing certain information or taking a certain action outweigh the costs. If the benefits exceed the costs, the information is valuable and can lead to better decision-making, enhanced efficiency, and potentially higher profits and competitive advantages. Conversely, if the costs exceed the benefits, managers would be prudent to reconsider the decision. Unfortunately, without more information within the context of the question, it's not possible to definitively answer whether producing the information will help managers do their jobs better.
Regarding the information provided about consumers receiving better or less expensive products, and the subsequent gains to businesses and employees, this aligns with the broader principles of a cost/benefit analysis by illustrating a scenario where the gains outweigh the losses. When managers apply this understanding to their strategic decisions, it benefits not only their individual organization but can contribute to the broader economy as well.