Which of the Following Is a Leading Social Network in Russia

question 71

Multiple Choice

Which of the following is a leading social network in Russia?

• A)VK
• B)Tuenti
• C)Orkut
• D)Mixi

Understand the relationship between marginal revenue and profit maximization.

Comprehend the concept of economic profits and losses in the long run under perfect competition.

Acknowledge the impact of technology and the Internet on market competition and knowledge.

Understand the price, marginal revenue, average total cost, and marginal cost under perfect competition.

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Definitions:

Utility Schedule

A table showing the different levels of satisfaction or utility that a consumer derives from consuming different amounts of a good or service.

Worth

The value or importance of something, often measured in terms of money or utility.

Marginal Utility

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

Consumer Surplus

The divergence between the sum consumers are prepared and financially capable to pay for a good or service and the sum they actually disburse.