30 Rock and Newsweek Are Both Examples of ,Specific Media

question 39

Multiple Choice

30 Rock and Newsweek are both examples of ,specific media within each general media type.

• A)media multitaskers
• B)micromedia
• C)major media
• D)alternative media
• E)media vehicles

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Definitions:

Diseconomies of Scale

Diseconomies of scale occur when a company or business grows so large that the costs per unit increase, leading to decreased efficiency.

Diminishing Marginal Returns

A principle stating that as additional units of a variable input are added to a fixed input, the additional output produced from each new unit will eventually decrease.

Normal Profit

The minimum level of profit needed for a company to remain competitive in the market, covering its opportunity costs.

Entrepreneur's Potential Earnings

The hypothetical income an entrepreneur could earn, considering the risks and opportunities associated with starting and running a business.