List Two Advantages and Two Disadvantages of Using Each of These

question 61

Essay

List two advantages and two disadvantages of using each of these for advertising: television, radio, magazines, and newspapers.

---

Definitions:

Output Market

A marketplace in which finished goods and services are traded, involving businesses selling to consumers or other businesses.

Marginal Rate

The rate of change in a quantity or cost in response to a one-unit change in another variable.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs.

Utility

In economics, it represents a measure of satisfaction or happiness that consumers derive from the consumption of goods and services.