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Suppose a firm is hiring 20 workers at a wage rate of $60.The average product of labor is 30,the last worker added 12 units of output,and total fixed cost is $3,600.What is marginal cost?
Potential Revenue Stream
Future income that could be generated from a business activity or investment, not yet realized.
Operational CRM
Customer relationship management focused on the direct interactions with customers, aiming to enhance customer service, sales, and marketing operations.
Back-Office
Refers to the administrative and support personnel in a company who are not client-facing, involved with functions such as accounting, IT, and human resources.
Customer Acquisition
The process of bringing new customers to a business through various marketing and outreach strategies.
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