Which of the Following Is a Similarity Between the Early

question 22

Multiple Choice

Which of the following is a similarity between the early majority and the late majority?

• A)Both have the potential to become opinion leaders.
• B)Both rely on science and experts for information.
• C)Both depend on word-of-mouth communication.
• D)Both prefer to be influenced by the mass media.

---

Definitions:

Total Cost Curve

A graphical representation that illustrates how the total cost of producing a good changes in relation to the quantity produced, considering both fixed and variable costs.

Diseconomies of Scale

Diseconomies of scale occur when a firm or business grows so large that the costs per unit increase, leading to inefficiency and higher production costs.

Total Revenue

The entire sum of funds a business gains from selling products or offering services over a specified timeframe.

Total Cost

The complete amount of money spent by a business to produce a specific quantity of goods or services, including both fixed and variable costs.