Pay-Per-Click Is Based on the Number of People Who Click

question 1

True/False

Pay-per-click is based on the number of people who click on an ad divided by the number of people to whom the ad is presented.

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Definitions:

MP Schedule

Marginal Product Schedule, a table or graph showing how the marginal product changes as the quantity of a variable input changes.

Cost-Minimizing Equilibrium

An economic situation where a firm operates at the lowest possible cost to produce its output.

Total Product

Total product is the overall quantity of output that a firm produces, usually within a specified period, based on variable inputs.

Marginal Product

Marginal product refers to the additional output that is produced by employing one more unit of a particular input, holding other inputs constant.