Which of Following Is the Best Way to Begin a Message

question 75

Multiple Choice

Which of following is the best way to begin a message refusing a request for the free use of equipment for a charity?

• A) We have already loaned our equipment to other charitable organizations.
• B) We wish we could help you because the youth are clearly benefiting from your efforts.
• C) This is to inform you that our equipment cannot be loaned at this time.
• D) Thank you for letting us know about the important work your center is doing for our city.
• E) Although we would like to grant your request, we are not able to do so at this time.

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Definitions:

Cost-output Elasticity

A measure of how responsive the cost of production is to a change in the output level.

Marginal Cost

The added expense incurred upon producing one further unit of a good or service.

Average Cost

The total cost of production divided by the quantity of output produced, indicating the cost per unit of output.

Short-run Cost Function

A relationship between production cost and output level when one or more inputs are fixed, typically analyzing costs within a time frame that doesn't allow for all factors of production to be adjusted.