Suppose That Real Domestic Output in an Economy Is 20

question 146

Multiple Choice

Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4. The level of productivity is

• A) 20.
• B) 10.
• C) 5.
• D) 2.

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Definitions:

Micromarketing

An extreme form of segmentation that tailors a product or service to suit an individual customer’s wants or needs; also called one-to-one marketing.

Geodemographic Segmentation

The process of analyzing and categorizing population data based on geographic and demographic factors for marketing purposes.

Tapestry™ Segmentation

Tapestry Segmentation is a geographic area analysis tool used by marketers to classify neighborhoods into unique segments based on demographic and socio-economic characteristics.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including details about target markets and customers, to inform business decisions.