Recent content by Ynessira

Marginal cost is the additional expense incurred by producing one more unit of a product or service. It includes variable costs like materials and labor. Understanding marginal cost helps businesses decide optimal production levels and pricing strategies to maximize profit and efficiency in...

Certified funds are guaranteed forms of payment like cashier’s checks, certified checks, or money orders. They confirm the payer has sufficient funds and the financial institution verifies and guarantees payment. Certified funds are often required for large transactions like real estate or...