Facebook's Key Resources for Competitive Advantage Are the Sophisticated Technological

question 7

True/False

Facebook's key resources for competitive advantage are the sophisticated technological tools it provides to its users.

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Definitions:

Total Revenue Product

The total revenue product is the total revenue generated by a factor of production, such as labor or capital, based on its marginal product and the price of the goods or services produced.

MRP

Marginal Revenue Product, the additional revenue generated from employing one more unit of a resource.

Capital

Resources made and used to produce goods and services, including tools, equipment, machinery, and buildings.

Labor

The application of both mental and physical human capacities for the generation of goods and services.