At 20 Units of Output, a Firm Finds That Its

question 116

Multiple Choice

At 20 units of output, a firm finds that its average variable cost is $5 per unit and its average total cost is $8 per unit.Therefore, its:

• A) marginal cost is less than $3 per unit.
• B) marginal cost is $3 per unit.
• C) average fixed cost is $3 per unit.
• D) marginal cost is equal to its average fixed cost.

Know the role of job analysis in identifying job requirements and KSAOs.

Comprehend the advantages of HR forecasting for organizational flexibility, strategy, and reduced costs.

Recognize the different human capital types and their relevance to HR forecasting.

Understand the philosophy and influence of the Ku Klux Klan in the 1920s.

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Definitions:

Buying Signal

An indication, either verbal or non-verbal, that a prospect is leaning towards making a purchase.

Sales Presentation

A detailed pitch or demonstration of a product or service designed to inform and persuade potential buyers.

Closing Question

A strategic question posed by a salesperson designed to lead the conversation towards the completion of a sale, aiming to secure a commitment from the prospect.

Product's Benefits

The advantages or positive outcomes that customers can expect from using a product, which can include solving problems or fulfilling needs.