Avery Wants to Replace Her Cable Television Subscription with a Video

question 377

Multiple Choice

Avery wants to replace her cable television subscription with a video streaming service to watch her favorite TV shows.Besides Internet connectivity, what does she need to watch the shows on a TV?

• A) Smart TV or a TV stick
• B) USB slot and a drive on her normal TV
• C) Normal LED TV
• D) Video projector

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Definitions:

Marginal Cost

The increase in cost when producing one additional unit of a good or service.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the total quantity of output produced.

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes needed to sustain the activity.

Profit-Maximizing

A strategy or approach aimed at achieving the highest possible profit from business operations.