Use the Following to Answer Question

question 175

Multiple Choice

Use the following to answer question:
-(Table: Workers and Corn Output) Use Table: Workers and Corn Output.Laura is a price-taking farmer who produces corn.Assume that the wage rate for workers is $130 and the price per bushel of corn is $10.Suppose that Laura acquires more land and as a result the output that can be produced by any given number of workers doubles.Laura should hire _____ workers to maximize profits.

• A)4
• B)5
• C)6

Recognize best practices in referencing competition and developing effective comparisons in sales presentations.

Grasp the core principles of professional selling and their importance in building a true relationship between buyer and seller.

Understand different selling techniques and identify examples of each.

Recognize the structure and effectiveness of logical reasoning in sales.

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Definitions:

Nontrading Partnership

A type of partnership that engages in activities other than the buying and selling of goods, often focusing on services or other ventures.

Cash Flow Problems

Financial issues that occur when a business does not have enough cash to meet its short-term liabilities and operating expenses.

Management Powers

Refers to the authority vested in managers or executives to make decisions, enforce policies, and oversee the operations and administrative functions of an organization.

Apparent Authority

A form of authority that an agent appears to have based on the principal's actions, leading third parties to reasonably believe the agent has the authority to act.