alexisbrad3107
20.11.2019 •
Business
The balance of the allowance for uncollectible accounts before adjustment is $5 million (credit). use the information above to calculate the estimated
ending balance in the allowance for uncollectible accounts.
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Ответ:
Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
Explanation:
Marginal cost is the extra expense incurred by producing an additional unit. The marginal cost concept is useful in determining whether continuing in production is profitable or not. Marginal revenue is the additional benefit derived by selling one more unit.
Profit-maximizing firms make comparisons between marginal revenues and marginal costs to determine when to stop production. Ideally, the firms should continue production and selling activities until marginal revenue equals marginal cost. Should selling happen when marginal cost is greater than marginal revenue, the firm will make losses.