Which Is an Example of Mediated Communication AND Social Media

question 7

Multiple Choice

Which is an example of mediated communication AND social media?

• A) Texting
• B) Emailing
• C) Tweeting
• D) Online shopping

Apply exchange rate calculations to determine the cost of goods in different currencies.

Calculate the percentage increase or decrease in prices or costs.

Understand the concept of Consumer Price Index (CPI) and its applications in real life.

Calculate the CPI and understand its implications on purchasing power and inflation.

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Definitions:

Total Utility

The complete gratification or advantage gained from using a specific quantity of a product or service.

Marginal Utility

The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Utility-maximizing

Utility-maximizing refers to a principle in economics where individuals or businesses seek to achieve the highest level of satisfaction or profit from their decisions, given their resources and constraints.

Diminishing Marginal Utility

The more of any one good consumed in a given period, the less incremental satisfaction is generated by consuming a marginal or incremental unit of the same good.