Marginal Resource Cost Is

question 135

Multiple Choice

Marginal resource cost is

• A) the increase in total resource cost associated with the production of one more unit of output.
• B) the increase in total resource cost associated with the hire of one more unit of the resource.
• C) total resource cost divided by the number of inputs employed.
• D) the change in total revenue associated with the employment of one more unit of the resource.

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Definitions:

Alternate-Choice Close

Alternate-Choice Close is a selling technique where the salesperson presents the prospect with two choices, both leading to a sale, giving the illusion of control.

Summary-Of-Benefits Close

A close wherein the salesperson summarizes the benefits of the product in a positive manner so that the prospect agrees with what the salesperson says.

Organic Ingredients

Components sourced from farming practices that do not use synthetic pesticides, fertilizers, or genetically modified organisms (GMOs).

Assumptive Close

A sales technique where the seller assumes that the buyer has already decided to purchase and wraps up the sale accordingly.