Answer: Marginal cost can be defined as the alteration in overall cost produced by creating an additional unit of production. Marginal cost == Movement in total cost/Movement in the output …
Ho Chi Minh City is supposed to be the most populous city in Vietnam, where people throughout the country came to work and study. Beside the entertainment service, the hospitality is one of the fastest growing businesses today. In recent years, thanks to the development of economy, people’s living standard has become higher and higher. They spend more on cuisine and it seems to be more difficult to make them satisfied as their requirement of this kind of service is tougher. Because of its huge profits, there were many investors who would like to involve in this sector.
This Case study is fictitious and is not based on an actual Bank
UDB sets out its Strategic Programme.