-Refer to Scenario 2

question 85

Multiple Choice

-Refer to Scenario 2.The marginal cost of the sixth unit of output is:

• A)$1.33.
• B)$7.50.
• C)$8.00.
• D)$45.00.

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Definitions:

Niche Segment

A specialized market segment focused on a specific group of consumers with particular interests, needs, or demographic characteristics.

Diehard Consumers

Consumers who are extremely loyal to a brand, product, or service, often in spite of other options or changes in the market.

Late Majority

A segment of consumers in the diffusion of innovation model, who adopt new products or technologies after the average consumer.

Innovator

An individual or organization that introduces new ideas, products, or methods, often leading changes in market trends or technological advancements.