Answer:
See below
Explanation:
Marginal cost is the expense associated with the production of an extra unit. It is the cost incurred by a business should it produce one more unit.
Marginal benefit is the gain resulting from the sale of one more output. It is the revenue earned from the sale of an extra unit of output.
Marginal benefit is compared to marginal cost to determine if producing and selling an extra unit is profitable or not. If the marginal benefit is greater than marginal cost, selling an extra unit is profitable. In making economic decisions, production should continue as long as the marginal benefit is greater or equal to marginal cost. It must stop when marginal cost is more than marginal benefit.
Answer:
Option (D) is correct.
Explanation:
Given that,
Direct materials = $42,000
Direct labor = 63,000
Manufacturing overhead = 94,500
Selling expenses = 25,200
Administrative expenses = 23,100
Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each.
Total period expense:
= Selling expenses + Administrative expenses
= $25,200 + $23,100
= $48,300
Therefore, the total period expense was $48,300.
Answer: A - Market development
Explanation: Marketing development is a marketing strategy used by businesses to penetrate new markets with their products.
There are different types of market development and they are:
1. Price: new prices are offered for the product to attract new customers/consumers to the product thereby increasing income.
2. Distribution: The distribution of the product through new channel will aid the development of the product in the new market.
3. Product development: the development of a new product will help penetrate the new market as the product is new and customers might like to try it out.
Answer:
IN MARKETING WE EARN MONEY FOR OUR NEEDS
Inflation is an increase in prices so the answer would be more
