Answer the Question on the Basis of the Following Data

question 108

Multiple Choice

Answer the question on the basis of the following data confronting a firm: $\begin{array}{l}\begin{array}{ccr}&&\text { Marginal }\\\text { Output } & & \text { Reven } \\\hline0&&--\\1 & & \$ 16 \\2 & & 16 \\3 & & 16 \\4 & & 16 \\5 & & 16\end{array}\begin{array}{c}Marginal\\Cost\\\hline--\\\$ 10 \\9 \\13 \\17 \\21\end{array}\end{array}$ Refer to the data.Assuming total fixed costs equal to zero,the firm's:

• A) economic profit is $12.
• B) economic profit is $16.
• C) loss is $14.
• D) economic profit is $3.

Distinguish between solicited and unsolicited sales messages and their components.

Grasp the significance of tailoring messages to respond to Maslow's hierarchy of needs.

Understand how to introduce and highlight product, service, or idea benefits in persuasive messages.

Know methods for making the price of a product or service more acceptable in sales messages.

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Definitions:

Standard Form

A recognized or widely accepted format or structure for presenting arguments or propositions.

Proposition

A statement that expresses an idea or assertion which can be evaluated as true or false.

Standard Form

A recognized or typical format for presenting arguments or expressing certain types of information.

Proposition

A statement in logic that expresses a judgment or opinion and can be either true or false.