As Assistant Vice President in Charge of Production for a Computer

question 64

Multiple Choice

As assistant vice president in charge of production for a computer firm, you are asked to calculate the cost of producing 170 computers.The production function is q = min{x, y} where x and y are the amounts of two factors used.The price of x is $18 and the price of y is $10.What is your answer?

• A)$2,580
• B)$4,760
• C)$8,460
• D)$6,180
• E)None of the above.

Identify and discuss the role of social media in fostering networked individualism.

Recognize the significance of media ownership concentration and its effects on society.

Understand how mass media audiences can be both active and passive.

Understand the historical impact of Napster on the music industry and media conglomerates.

---

Definitions:

Trade Surplus

A situation where a country's exports exceed its imports, resulting in a positive balance of trade.

Export Products

Goods or services produced in one country and sold to buyers in other countries.

Supply Chain

The entire process of making and selling goods, including every stage from the supply of materials and the manufacture of the goods through to their distribution and sale.

Population Shift

The movement or change in the distribution of the population in certain areas due to factors like migration, birth rates, or economic changes, affecting demographics and societal structures.