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The consideration that marketers must give to marginal revenue versus marginal costs is to ensure that <u>marginal revenue</u><u> exceeds </u><u>marginal costs</u>.
<h3>What are marginal revenue and marginal costs?</h3>
Marginal revenue refers to the price or the amount of revenue from selling one additional unit.
Marginal cost refers to the cost of selling one more unit.
Unless marginal revenue were greater than marginal cost, selling one more unit would not bring in additional revenue than the cost of production and sales.
Thus, the consideration that marketers must give to marginal revenue versus marginal costs is to ensure that <u>marginal revenue</u><u> exceeds </u><u>marginal costs</u>.
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Answer:
Explanation:
Crane Co
June 1. Credit: Sales $52,200
Debit: Acc receivable $52,200
Being sales on account
June 12 Debit: Bank. $ 50,634
Debit: Discount Allowed $1,566
Credit: Acc receivable. $52,200
Being payment received on sales