Examlex

Solved

Ari Needs to Have a Talk with a Close Friend

question 14

Multiple Choice

Ari needs to have a talk with a close friend, Gilad, about something that has been bothering him - a conflict in their relationship. Ari is concerned that the conversation will be stressful, and that Gilad will become angry and defensive. In order to prepare for the conversation, Ari has a practice conversation with another friend, asking this person to pretend to be Gilad and respond as Gilad might. This is an example of:


Definitions:

Marginal Cost

The additional cost incurred in the production of one more unit of a good or service.

Total Revenue

The total amount of money a company receives from its business activities, calculated by multiplying the price of goods or services by the quantity sold.

Total Cost

The aggregate amount of expenses that a company or individual incurs to produce or acquire goods or services.

Short-run Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied over a short period, during which at least one input is fixed.

Related Questions