Imagine That You Work for the Local Animal Shelter

question 11

Multiple Choice

Imagine that you work for the local animal shelter.Your goal is to increase the number of people who are willing to adopt a dog from the shelter.According to the ____________ technique, you should first ask people if they would be willing to wear a button that says, "Adopt a dog today." A couple of weeks later, you should then ask these people to adopt a dog themselves.

• A) door-in-the-face technique
• B) foot-in-the-door technique
• C) even-a-penny technique
• D) lowball technique

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Definitions:

Perfectly Elastic

A situation in economic theory where a small change in price leads to an infinite change in quantity demanded or supplied.

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

Monopoly's Product

A unique product or service without close substitutes, offered by a monopolist who faces no competition.

Profit-Maximizing

Refers to strategies or decisions taken by a company to maximize its profits by increasing revenue, reducing costs, or both.