Which of the Following Is an Example of Encoding a Message

question 12

Multiple Choice

Which of the following is an example of encoding a message?

• A)deciding how to phrase a request to your boss for clarification on your new assignment
• B)deciding that text messaging is an inappropriate medium for communicating with your professor
• C)deciding to purchase a new smartphone so that you can check and send email while you are on the go
• D)deciding to toss out an advertisement that was mailed to you
• E)deciding to read an email sent by a friend

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Definitions:

Marginal Revenue

The additional income that is produced from selling one more unit of a good or service; a crucial concept in determining the optimal level of output for a firm.

Marginal Cost

The increase in cost resulting from the production of one additional unit of a product.

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not identical, allowing for competition based on quality, price, and marketing.

Ease Of Entry

Refers to the absence of barriers for new competitors to enter an industry or market.