According to a Recent FTC Report, Instances of Problems Between

question 31

Multiple Choice

According to a recent FTC report, instances of problems between franchisors and their franchisees tend to be:

• A) prevalent practices
• B) isolated occurrences
• C) there have been no reported problems between franchisors and their franchisees
• D) prevalent practices for product and trademark franchise systems and isolated occurrences for business format franchise systems
• E) isolated occurrences for product and trademark franchise systems and prevalent practices for business format franchise systems

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Definitions:

Marginal Physical Product

The addition to total output due to the employment of one more unit of a factor, other factors held constant.

Marginal Output

The additional quantity of output that is produced as a result of using one more unit of a particular input, assuming all other factors of production remain constant.

Marginal Physical Product

The change in output resulting from employing one more unit of a particular input, all else being constant.

Productivity

The measure of the efficiency of production, often evaluated as the ratio of output to inputs in the production process.