Answer:
Prospecting.
Explanation:
This is known to be the first step that is been taken in a bid to get potential customers in a marketing process. Its made by of these marketers is firstly to qualify a recipient as a prospect and is other cases, someone who may have a need for your business products or services, or not. Its goal of is to develop a database of likely customers and then systematically communicate with them in the hopes of converting them from potential customer to current customer.
Answer:
c. Marginal cost is $8, and average total cost is $5.
Explanation:
Marginal cost of a firm is the cost difference in producing an additional unit of a firm's output. The extra amount result from the an extra unit of output produced. It is derived by calculating the difference between the total cost and dividing it by the difference in output i.e change in TC/ change in output
In the question, The change in TC is calculated as $5008 - $5000 = $8 and the change in quantity is 1001 - 1000 = 1
Therefore 8/ 1= 8 marginal cost is = $8
on the other hand, Average total cost is the cost per unit of output i.e the cost of a commodity out of all the products produced by a firm. it is calculated by dividing the total cost by the total number of output
In the question above, The total cost is $5,000 and the Total output is 1,000
$5,000/ 1000 =$ 5
similarly, when the total output increased to 1001 and the total cost rises to $5008 the Average cost still remains at$ 5
prove: 5008/ 1001 = 5.0002 which is approximately equal to 5.
therefore the correct answer is c. Marginal cost is $8, and average total cost is $5.
No definitely not
Is this an assessment question?
Mc Donald’s because yeah fries fries
