With Reference to the Communication Process, the ________ Is the Medium

question 72

Multiple Choice

With reference to the communication process, the ________ is the medium through which the message travels.

• A) encoder
• B) feedback
• C) noise
• D) decoder
• E) channel

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Definitions:

Average Total Costs (ATC)

A rephrasing of Average Total Cost, it calculates the per-unit production cost by dividing the total cost by the total quantity of goods produced.

Manufacturing Firm

A business that uses components, parts, or raw materials to make a finished good.

Marginal Cost

The cost of producing one additional unit of a product or service, used in economics to determine the optimum production level.

Output

The quantity of goods or services produced by a firm, sector, or economy.