​Maria Likes Visiting Different Restaurants and Trying Out a Variety

question 32

Multiple Choice

​Maria likes visiting different restaurants and trying out a variety of cuisines.She writes her experiences on a Web page,titled Maria's Experiences,which can be read by people all around the world.She also reviews restaurants,and members of her Web page are entitled to post their comments and suggestions.Based on this information,Maria's Experiences is an example of a(n) _____.

• A)blog
• B)​online forum
• C)​widget
• D)e-commerce Web site

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Definitions:

Economic Costs

The total cost of production, including both explicit costs like wages and materials and implicit costs such as opportunity costs.

Accounting Profit

The total revenue of a business minus the explicit costs associated with that revenue, calculated using generally accepted accounting principles (GAAP).

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full adjustment to changes.

Short Run

In economics, a period during which at least one of a firm's inputs is fixed and cannot be changed.