Critical Thinking Questions Case 6-1 as the Owner of a Small

question 30

Multiple Choice

Critical Thinking Questions Case 6-1 As the owner of a small pet grooming business, you are interested in publishing your own Web site. You want to use the site to increase your business's visibility and to gather information from potential customers by offering the opportunity to subscribe to your monthly newsletter about pet care tips. You are considering using Publisher 2007 to create your Web site. Why? ____

• A) Publisher's Design Gallery contains many Web-based objects
• B) Publisher's Web templates provide a variety of home page, navigation bar, and secondary page styles
• C) Publisher provides a command or button for every possible task
• D) It is easy to add additional Web pages complete with sequenced navigation bars

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource.

Average Product

Output per unit of a particular input.

Perfect Competitor

An idealized firm that has no market power and operates in a market with many buyers and sellers where all have perfect information.

Income Effect

It refers to the change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.