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David has always been successful in sales.Recently,he was approached by a life insurer interested in hiring him.Initially,David was not interested in the job because he feared it would require a lot of administrative work."You're a super salesperson,David," he was told,"We're hiring you to do one thing and one thing only-SELL!" David accepted the position.David is a(n)
Per-Unit Costs
The average cost for each individual unit of product produced, taking into account all fixed and variable expenses.
Marginal Costs
The incremental cost involved in producing one more unit of a product or service.
Learning Curve
The concept that people improve efficiency and decrease cost over time as they gain experience in a particular task or operation.
Marginal Productivity
The additional output that is produced by using one more unit of a particular input while keeping other inputs constant.
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