The Main Reason Magazines Developed Was

question 21

Multiple Choice

The main reason magazines developed was

• A) as a tax write-off for media barons.
• B) to develop local interest.
• C) for more in-depth news coverage of issues.
• D) to lure people away from television in the 1950s.
• E) to offer advertisers a national advertising medium.

---

Definitions:

MRP

In economics, Marginal Revenue Product is the additional revenue generated by employing one more unit of a resource.

Market Wage Rate

The prevailing pay scale for work performed in a specific industry or occupation in a geographical area.

Hiring Labor

The process of employing people to perform work or services for wages or salary.

Optimum Resource Mix

The combination of inputs that allows a firm to produce output at the lowest possible cost.