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Case 3-1 Your Friend Julian Is Applying for His First Job and Job

question 9

Multiple Choice

Case 3-1
Your friend Julian is applying for his first job and is looking to produce a cover letter that is letter-perfect in its presentation,not to mention its content.Knowing that you are a recently successful job seeker,he comes to you for advice on the preparation of the letter.
-Julian wants to get the letter off to a good start.He has designed a personal letterhead with his name at the very top.What is the first thing he should put immediately below the letterhead,and how far below the letterhead should it appear?


Definitions:

Diseconomies Of Scale

Situations where a firm's costs per unit increase as the scale of production increases, typically due to inefficiencies that arise from becoming too large.

Diminishing Returns

A principle stating that if one input in the production of a commodity is increased while other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.

Diminishing Returns

A principle in economics that states as one input variable is incrementally increased, there comes a point when the rate of resultant output begins to decrease.

Variable Inputs

Inputs, such as labor and materials, whose usage changes according to the level of production.

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