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Comment on the Credibility of Information Obtained Through Online Forums

question 5

Essay

Comment on the credibility of information obtained through online forums such as newsgroups, blogs, and chatrooms.


Definitions:

Short Run

A time period during which at least one input is fixed and cannot be adjusted by a firm.

Diseconomies Of Scale

Occur when a company grows so large that the costs per unit increase. It is the opposite of economies of scale.

Long-Run Average Total Cost Curve

A graphical representation showing the lowest possible cost at which any given level of output can be produced in the long run.

Total Cost Curve

A graphical representation showing the total cost incurred by a firm in the production of goods or services at different levels of output.

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