You Have Been Posting and Tweeting Regularly About Your New

question 21

Multiple Choice

You have been posting and tweeting regularly about your new car wash and detailing service, but it doesn't seem to be getting you anywhere. Several friends have made suggestions on how to improve your social media strategy. Which of the following seems like the least helpful suggestion?

• A) Include content people can use and share, such as car maintenance tips
• B) Research and use the best targeted keywords related to car cleaning
• C) Offer discount coupons to get people to interact with your social media content
• D) Shoot better photos of the cars you've worked on

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Definitions:

Competitive Equilibrium

A market state where supply equals demand, leaving no incentive for price changes as long as external conditions remain constant.

Homothetic Preferences

Preferences where if a consumer prefers a bundle of goods A to B, they will also prefer a scaled-up version of A to the same scale-up of B, maintaining the same proportions.

Marginal Rate of Substitution

How quickly a consumer agrees to trade one good for another, aiming to keep their level of pleasure steady.

Edgeworth Box

A diagram used in economics to show the distribution of resources, illustrating how different mixes of goods can lead to an optimal allocation.