Marginal analysis is the comparison of incremental benefits with incremental costs.
<h3>What is marginal analysis? </h3>
Marginal process is the process of comparing incremental benefits (marginal benefits) with incremental costs (marginal costs in order to determine when maximum utility, production has been attained. Maximum utility is attained when f incremental benefits is equal to incremental costs.
Incremental cost is the change in total cost when output is increased by one unit. Incremental benefit is the change in total benefit when output is increased by one unit.
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Answer:
B. Evaluation of Alternatives
Explanation:
Consumer- Decision Making
This is also know as Buyer decision making. It involves the decision making process that buyers or customers goes through before, during and after the purchase of a good or services. According to John Dewey, we have 5 stages, and these are:
1. Problem of need recognition
2. Information search
3. Evaluation of alternatives
4. Purchase
5. Post - Purchase behavior
The step described in the question is Step 3 which is EVALUATION OF ALTERNATIVES. At this stage, customers evaluate all the products available on a particular scale of attributes. The consumers or buyers narrows down the number of choices at this stage by comparing the advantages and disadvantages of the products. They assess the value of all the products so as to be able to make a decision for the purchase.
my answer would be number 2 goes by how much we pay on annual sales per yr far as paying for gas n the cost of gas
Answer:
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Answer:
Direct labor cost= $31,200
Explanation:
Giving the following information:
Production= 48,000 units
Standard time= 3 minutes per unit
Rate= $13 per hour
First, we need to calculate the number of hours required:
The proportion of minuted per hour= 3/60= 0.05
Number of hours= 48,000*0.05= 2,400 hours
Now, the direct labor cost:
Direct labor cost= 2,400*13= $31,200