An Area of Advertising and IBP Subject to Privacy Topics

question 63

Multiple Choice

An area of advertising and IBP subject to privacy topics is when advertisers: 

• A) make products more expensive. 
• B) bring communities closer. 
• C) vote in the Consumers Union. 
• D) use geofencing to identify smartphone users within area and serve ads accordingly.

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Definitions:

Factor

An element or component, such as land, labor, and capital, that is used in the production of goods and services.

Isoquant

An isoquant is a curve that represents all the combinations of inputs that yield the same level of output in the production process.

Returns To Scale

Describes how output changes in response to a proportional change in all inputs in the production process.

Production Function

A production function describes the relationship between inputs used in production and the resulting output, showing how the quantity of output depends on the quantities of different inputs.