The figure above shows a firm's VMP curve.
-Suppose that a new technology doubles the marginal product of the workers and the price of the product does not change.As a result,the value of marginal product of the second worker
Definitions:
Overstock
An excess of inventory beyond what is needed, often leading to discounted sales prices to reduce the surplus.
Stalling Objection
A delay or hesitation during a negotiation or decision-making process, often due to concerns or uncertainty.
Easter Candy
Specially themed confectionery products that are marketed and sold around the Easter holiday.
Trial Close
A sales technique involving asking a prospect a question that assumes they have decided to purchase, used to gauge readiness or objections.
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