Using 2010 U

question 158

Multiple Choice

Using 2010 U.S.dollars,in 2000 annual real per capita gross domestic product (GDP) in the United States was around ________,whereas in China,it was around ________.

• A) $5,200; $44,000
• B) $36,000; $18,000
• C) $44,000; $5,200
• D) $72,000; $12,000
• E) $44,000; $9,000

Recognize the legal and ethical considerations in crafting negative messages.

Appreciate the importance of tone, choice of words, and medium in delivering negative messages.

Understand the role of apologies and expressions of sympathy in mitigating the impact of negative news.

Recognize the importance of ending negative messages on a positive note to maintain relationships.

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Definitions:

Variable Cost

Expenses that vary directly with the volume of products or services a company generates.

Total Cost

Represents the complete sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.

ATC

Average Total Cost, refers to the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full adjustment to any change.