-According to the Textbook, Four New Technologies Are Expected to Have

question 285

Multiple Choice

-According to the textbook, four new technologies are expected to have impact on marketing. These are:

• A)biotechnology, smart grid services, natural user interfaces, and social networks.
• B)neuron technology, lithium batteries, cloud computing, and wireless power.
• C)crowdsourcing, genomics, QR codes, and smart bio watches.
• D)the Internet of Things, five-sense computing, smart grid services, and 3D technologies.
• E)nanotechnology, autobots, cloud computing, and electric cars.

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Definitions:

Average Total Cost

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

Total Output

Total output is the total quantity of goods or services produced by an economy, firm, or machine in a specific period.

Marginal-Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies as production volume changes.

Marginal Cost

The variation in overall expenses that occurs with the production of an additional unit.