Which of the Following Statements Is True About Facebook

question 155

Multiple Choice

Which of the following statements is true about Facebook?

• A)Facebook is second to Twitter in the number of registered users.
• B)Facebook has remained a "closed system," which means outside search engines such as Google or Bing cannot catalogue information about a particular brand or topic.
• C)Facebook is the social media website where users upload more videos to its site than any other site.
• D)Facebook's official smartphone app uses location-based technology so users can "check-in" to local businesses to receive targeted promotional offers.

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Definitions:

Average Variable Cost

The per-unit cost that varies, calculated through the division of total variable costs by the quantity of products made.

Economic Profits

The financial gain made in a transaction after accounting for both explicit and implicit costs.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the average cost per unit of output.

MC = MR

Stands for the economic principle where Marginal Cost (MC) equals Marginal Revenue (MR), a condition for profit maximization in firms, indicating the optimal level of production.