-Refer to the Above Table

question 23

Multiple Choice

-Refer to the above table. What is the marginal factor cost when the firm employs the second unit of labor?

• A) $19
• B) $21
• C) $36
• D) $38

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Definitions:

Cost and Quality

The relationship between the expense of a product or service and its level of excellence or worth, often a key consideration in consumer purchasing decisions.

Minor-Points Close

A close in which the salesperson asks the prospect to make a low-risk decision on a minor element of a product.

Balance-Sheet Close

A sales technique where the salesperson presents a summary of the costs and benefits of a product or service to the customer, similar to a balance sheet in finance.