Initially, Facebook Targeted Which Consumer Market Segment

question 211

Multiple Choice

Initially, Facebook targeted which consumer market segment?

• A)grade school children ages 6 to 12 years old
• B)high school students
• C)college students
• D)adults with professional occupations
• E)senior adults 55 years and older

Analyze situations to determine optimal output levels for price-taker firms.

Identify conditions under which a firm should continue, reduce, or cease production in the short run.

Apply the principle of marginal revenue and marginal cost to decision-making in price-taker markets.

Interpret economic models and data tables to calculate profit, loss, and optimal production levels.

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Definitions:

Learned Behavior

Actions or reactions that individuals acquire through experience or by observing others, in contrast to innate behaviors.

Mammals

The class of vertebrate animals distinguished by bodies covered with hair or fur, self-regulating temperature, and in females, milk-producing mammary glands.

Reptiles

are a class of ectothermic, scaled vertebrates that include snakes, lizards, turtles, and crocodilians, distinct for their ability to lay eggs on land.

Dynamic

Pertaining to the forces or processes that stimulate growth or change within a system or process.