Troy's Small Startup Software Company,Zapp App,has Experienced Tremendous Growth and Is

question 14

Multiple Choice

Troy's small startup software company,Zapp App,has experienced tremendous growth and is ready to go international.However,he has concerns about losing revenue to pirating and counterfeiting.Which country poses the greatest risk for Zapp App?

• A) China
• B) India
• C) Brazil
• D) Russia

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, making them consistent regardless of business activity levels.

Short Run

A period of time in which at least one input, such as plant size, is fixed and cannot be changed by the firm, limiting its capacity to adjust output levels.

MC = P

A condition in economic theory where Marginal Cost (MC) equals Price (P), indicating optimal production levels where no additional units should be produced.

Profit

The financial gain obtained when the total revenues generated exceed the total costs incurred by a business.