If a Technological Advance Lowers Production Costs Such That the
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question 11

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \text { Price Per Unit } & \text { Quantity Supplied } & \text { Quantity Demanded } \\\hline \$ 10 & 100 & 295 \\\hline 11 & 150 & 275 \\\hline 12 & 190 & 250 \\\hline 13 & 220 & 220 \\\hline 14 & 245 & 180 \\\hline 15 & 265 & 135 \\\hline\end{array}$$ If a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price, the new equilibrium price would be

• A) $11.
• B) $12.
• C) $13.
• D) $14.

Understand the components and structure of effective sales and marketing messages.

Recognize the importance and application of emotional and rational appeals in persuasive writing.

Identify the benefits of using direct mail and e-mail as marketing channels.

Apply the AIDA model to develop persuasive messages.

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Definitions:

Scientific Management

A management theory that advocates for the use of scientific methods to determine the most efficient ways to complete tasks and organize work.

Manufacturing

The method of transforming unprocessed materials, components, or parts into complete products that satisfy the demands or criteria of a customer.

Economic Sector

A division within an economy, specifying the type of activity or services performed, such as agriculture, manufacturing, or services.