Answer:
b. the marginal cost of one more glass of lemonade is smaller than if output were high.
Explanation:
Since the Thirsty Thelma operates in small lemonade stand and when she produced a low quantity of lemonade she has fewer workers plus her equipment is also not fully utilized
So she put her idle resources to use for one more glass of lemonade as if its output is high
Hence, the second option is correct
Answer: Adaptive selling
Explanation: Adaptive selling could be referred to a flexible selling approach whereby the salesperson's response or actions are guided or determined by the type of consumer, the context or sales scenario and most especially the feedback received from the consumer. This means the kind of question and sales approach employed may be different depending on the consumer in question. In the context above, the sales person stopped asking question immediately the consumer hinted at requiring thee cheapest service, and showed him an evidence of what his company actually offers. The approach may be different for other consumers.
Answer:
True. Peggy has been invited to participate to a focus group.
Explanation:
A focus group is a meeting of a small group of people, for a moderate amount of time (usually 1 or 2 hours), with the goal of discussing a specific subject.
Focus groups have a moderator, and the participants know the objective of the focus group.
In this case, Peggy will be participating in a focus group, with 9 other people, and the subject that they will discuss is the concept of the new health and fitness magazine.
Answer: The correct answer is choice b.
Explanation: If the Fed’s goal is to increase the money supply as part of an antirecession strategy they will decrease the interest rate that is paid on excess reserves. Decreasing the Fed’s rate will encourage the bank to extend more loans to the public, increasing the money supply in the economy.
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