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Answer:
a) The marginal benefit is greater than the marginal cost of additional units.
Explanation:
Cost-benefit analysis is the systematic process of wieghing various transactions based on comparism between their benefit and cost.
The rational storage business owner should compare the cost of building another section of storage units to the benefit from 100 renters.
If the additional cost is justified by the benefit then he can go ahead with the construction.
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Answer: Please the terms do not match the definitions.
Please see below for the appropriate terms which match the given definitions.
Explanation:
A document that creates a legal obligation to buy and pay for goods or services ----Purchase order
A purchase order is defined as a contract or agreement between a buyer( buisness or company) and a seller who is usually a vendor to supply goods or services based on aggrement on the specific product or services, specific quantity for a specific price to be paid by the buyer when delivered .
b)The method used to maintain the cash balance in the petty cash account----- Imprest Fund
An imprest Fund is also known as Petty Cash fund which carries a fixed amount used by Buisnesyses to cover small routine expenses and are replaced or replenished to always maintain the fixed amount.
<span>Business employees calculated that the expense to produce an additional cell phone is $50.
C. - This monetary amount represents a marginal cost.</span>
