BUSINESS ADMINISTRATION
OFFICE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cost per occupied room
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Fixed cost
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Contribution margin
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Forecasted revenue
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Detailed explanation-1: -Marginal cost refers to the increase or decrease in the cost of producing one more unit or serving one more customer. It is also known as incremental cost.
Detailed explanation-2: -In economics, the marginal cost is the change in total production cost that comes from making or producing one additional unit. To calculate marginal cost, divide the change in production costs by the change in quantity.
Detailed explanation-3: -Detailed Explanation: The marginal cost would include items directly attributable to the customer. They would include the added electrical bill from turning on lights or turning up the thermostat on a cold evening, the free continental breakfast, if one is provided, or perhaps the franchise fee for the added revenue.
Detailed explanation-4: -Marginal cost is the expense incurred by a business for producing an additional unit of a good or service. It is calculated by taking the total cost of producing additional products and dividing it by the total number of extra units produced.