A Used-Car Salesman Is Trying to Persuade a Customer to Buy

question 112

Multiple Choice

A used-car salesman is trying to persuade a customer to buy a specific car because "It is a fine car at a great price." Which characteristic related to the effectiveness of persuasion will be most helpful

• A) The salesman has many years of experience. 
• B) The salesman is very friendly. 
• C) The salesman knows comparative information concerning other cars. 
• D) The salesman is perceived as trustworthy.

Understand the original purpose and outcomes of the Constitutional Convention.

Grasp the processes and challenges in the ratification of the Constitution and the inclusion of the Bill of Rights.

Understand the significant conflicts during the Constitutional Convention and how they were resolved.

Analyze the arguments for and against the ratification of the Constitution by Federalists and Antifederalists.

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Definitions:

Average Total Cost

The total cost divided by the quantity produced, indicating the cost to produce each unit of output.

Resource Prices

The cost associated with acquiring resources necessary for production, including raw materials, labor, and capital.

Increasing-Cost Industry

An industry where production costs begin to rise as the industry's output expands, often due to resource limitations or increased prices of inputs.

Minimum Long-Run ATC

The lowest point on the Average Total Cost curve when a firm operates in an efficient scale over the long term.