If You Send Out 30,000 E-Mails and Get Only One

question 36

Multiple Choice

If you send out 30,000 e-mails and get only one response, but you get $40.00 per response and you send out a half a million e-mails, how much money can you make?

• A)$750,000
• B)$100,00
• C)$1 million
• D)$250,000

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Definitions:

Units of Output

The total quantity of goods or services produced by a firm or industry during a specific period.

Average Fixed Cost Curves

A graph representing the fixed costs of production (costs that do not change with the level of output) spread over varying levels of output, typically decreasing as output increases.

Marginal Cost Curve

A graphical representation showing the change in total cost that arises from producing one additional unit of a good or service.

U-Shaped

A descriptive term for a scenario where performance or conditions decline, then bottom out, and finally improve, thus resembling the letter "U".