Which of the Following Is an Example of the Impact

question 14

Multiple Choice

Which of the following is an example of the impact of cable television on American movie viewing habits?

• A) Viewers became more reluctant to watch movies on their home televisions.
• B) Viewers became more and more accustomed to watching movies when they wanted.
• C) Viewers still greatly preferred going out to the movies over watching movies at home.
• D) Viewers saw their choice of movie watching options begin to diminish.

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Definitions:

MRP Schedule

An MRP (Marginal Revenue Product) schedule outlines how a change in the quantity of input affects the revenue from the sale of additional output.

Real Wages

Wages adjusted for inflation, representing the purchasing power of income earned from work.

Legal Minimum Wage

The lowest hourly, daily, or monthly remuneration that employers are legally allowed to pay their workers.

Equilibrium Wage Rate

The wage rate at which the quantity of labor demanded equals the quantity of labor supplied.