Monthly Output at Leisure-Time,Inc

question 20

Multiple Choice

Monthly output at Leisure-Time,Inc.changed from 12 to 13 prefabricated gazebos,and the total costs changed from $9,000 to $10,500.What is the marginal cost for this company?

• A)$1,500
• B)$2,000
• C)$10,000
• D)$12,000

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Definitions:

Product Line

A group of related products marketed by a company, which caters to a particular customer segment, need, or preference.

Market Segment

A group of individuals or organizations within a market that share one or more characteristics, allowing for targeted marketing strategies.

Promotional Service

A marketing strategy designed to inform, persuade, or remind consumers about a company's products or services.

BCG Portfolio Analysis

A strategic business tool developed by the Boston Consulting Group to help organizations analyze and manage various products or business units based on their market growth rate and market share.