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Briefly Describe Web 2

question 18

Essay

Briefly describe Web 2.0.How does it differ from the traditional Web?


Definitions:

Marginal Revenue

The rise in earnings associated with the sale of one more unit of output.

Total Revenue Curve

A graphical representation showing how total revenue changes as the amount of goods sold varies.

Supply Curve

A graph showing the relationship between the price of a good and the quantity supplied, typically upward sloping, indicating that higher prices motivate more supply.

Lower Order Needs

Are physiological, safety and social needs in Maslow’s hierarchy.

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