Who Among the Following May Be Described as a Difficult

question 48

Multiple Choice

Who among the following may be described as a difficult customer?

• A) A customer who is less expressive and aware of the product or service
• B) A customer who is difficult to deceive
• C) A customer who is dissatisfied with the service or product
• D) A customer who is rarely intimidating and difficult to convince

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Definitions:

Marginal Costs

The cost of producing a subsequent unit of a product or service.

Long Run

The long run is a period in economics where all inputs or factors of production can be varied, allowing firms to adjust fully to market conditions.

Economic Profit

The split between total revenue generation and total cost accrual, encompassing both declared and understood costs.

Long-Run Adjustments

Adjustments that firms make over a period where all inputs can be varied, and there are no fixed factors of production.