Answer the Question on the Basis of the Information Given

question 5

Multiple Choice

Answer the question on the basis of the information given in the following table: $\begin{array}{c}\begin{array}{c}\\Employment\\\hline0\\1 \\2 \\3 \\4 \\5 \\6\end{array}\begin{array}{c}Total\\Product\\\hline0\\12\\22\\30\\36\\40\\42\\\end{array}\begin{array}{c}\text { Product }\\\text { Price } \\\hline \$ 3 \\3 \\3 \\3 \\3 \\3 \\3\end{array}\end{array}$ Refer to the given data.If the firm is hiring workers under purely competitive conditions at a wage rate of $22,it will employ:

• A) 1 worker.
• B) 2 workers.
• C) 3 workers.
• D) 4 workers.

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Definitions:

Industrial Distributor

A company that buys products directly from manufacturers and sells them to businesses or retail consumers.

Marketing Channel Functions

Activities involved in moving goods from producers to consumers, including distribution, promotion, and price setting.

Product Assortment

The variety and mix of products that a retailer offers to its customers.

Traditional Marketing Channels

Refers to the paths or routes through which goods and services flow from the producer to the consumer, typically including print media, television, radio, and face-to-face sales.