Steve,the Sales Manager for TL Products,wants to Sponsor a One-Week

question 36

Multiple Choice

Steve,the sales manager for TL Products,wants to sponsor a one-week "Customer Appreciation Sale" where the firm offers to sell additional units of a product at the lowest price possible without negatively affecting the firm's profits.Which one of the following represents the price that should be charged for the additional units during this sale?

• A)average variable cost
• B)average total cost
• C)average total revenue
• D)marginal revenue
• E)marginal cost

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Fundamental parts or aspects that make up a larger system, essential for its operation or understanding.