-The Table Above Shows Output and Costs of Evan's Subs

question 31

Multiple Choice

-The table above shows output and costs of Evan's Subs, a typical perfectly competitive firm in a local market for sandwiches. Evan's fixed cost is $9 per hour. The current market price of a sandwich is $6. If Evan's sells the 5th sandwich, the marginal cost is ________ the marginal revenue, so the firm's profit ________.

• A) greater than; decreases
• B) greater than; increases
• C) less than; increases
• D) less than; decreases

Recognize the advantages and disadvantages of personal selling.

Apply networking as a strategy for generating sales leads.

Understand the role and impact of trade shows in B2B selling.

Evaluate the financial aspects of B2B sales calls.

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Definitions:

Tyranny

The oppressive and cruel use of power by a ruler or governing body, often without the consent of the governed.

Shays' Rebellion

An armed uprising in Western Massachusetts in 1786-1787, led by Daniel Shays, protesting fiscal policies and perceived economic injustices.

Debt-Ridden Farmers

Farmers who are heavily burdened with debt, often as a result of loans taken out to cover the costs of farming operations.

Foreclosures

Legal process by which a lender takes control of a property due to failure of the borrower to meet the terms of the mortgage.