Table 18-1

question 409

Multiple Choice

Table 18-1.The table displays data for a small,competitive,profit-maximizing firm that produces and sells envelopes.The time frame is one week.

-Refer to Table 18-1.Suppose the firm sells each box of envelopes that it produces for $7.Suppose also that the firm's fixed costs amount to $400.How many workers should the firm hire in order to maximize profit,and what is the maximum profit?

• A) The firm should hire 2 workers;its maximum profit is $80.
• B) The firm should hire 2 workers;its maximum profit is $96.
• C) The firm should hire 3 workers;its maximum profit is $96.
• D) The firm should hire 3 workers;its maximum profit is $124.

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Definitions:

No-need

The situation where a potential customer or market does not exhibit a demand or interest in a particular product or service.

Stalling Objection

A type of resistance or hesitation raised by a prospect in a sales situation, often indicating a delay in decision-making rather than outright refusal.

Security System

An arrangement or setup that consists of interconnected components designed to protect a place or person from unauthorized access, burglary, or harm.

Environmental Objections

Concerns raised regarding the environmental impact or sustainability of a product or service.