While Both Traditional Media and Social Media Can Reach Either

question 102

Multiple Choice

While both traditional media and social media can reach either a large audience or a niche audience, social media are different from traditional media because

• A)traditional media include Facebook and Twitter.
• B)production of traditional media requires specialized skills and a team of people.
• C)social media is relatively expensive to produce.
• D)social media only reaches niche audiences.

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Definitions:

Isoquant

A curve representing all combinations of inputs that produce the same level of output, used in the analysis of production decisions.

Slope

The measure of the steepness or incline of a line, representing the ratio of the vertical change to the horizontal change.

Production Function

Describes the relationship between inputs used in production and the resulting output, showing how factors like labor and capital are transformed into goods or services.

Output

The quantity of products or services that a business, sector, or economic system generates.