The Following Table Shows the Total Revenue (In Dollars)and Total

question 41

Multiple Choice

The following table shows the total revenue (in dollars) and total cost (in dollars) from the production and sale of different units of a product.
Table 2-1

-Refer to Table 2-1.What is the firm's profit from the sale of the 3rd unit of the good?

• A)$13
• B)$11
• C)$12
• D)$39
• E)$27

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Definitions:

Publicity

Nonpersonal communication transmitted through the mass media but not paid for directly by the firm.

Selective Distribution

A distribution strategy where a company chooses a limited number of retail outlets in specific locations to sell its products, aiming to target specific markets or demographics effectively.

Exclusive Distribution

A distribution strategy where a supplier grants only one dealer or retailer the rights to sell its product within a specific geographical area.