Critical Thinking Questions Case 2-2

question 135

Multiple Choice

Critical Thinking Questions
Case 2-2
You have just started an internship on a graphic design team and you are learning about graphic formats used on the web.
-Which of the following is true?

• A) The BMP format is an electronic image format by Adobe Systems that mirrors the appearance of an original document.
• B) The GIF format is good for photos used in the printing industry.
• C) The TIFF format is good for desktop backgrounds.
• D) The PNG format is good for comic-style drawings and line art.

Distinguish between sunk costs and relevant costs for decision-making.

Apply the concept of opportunity cost accurately in various scenarios.

Recognize the differences between accounting costs and economic costs.

Identify and calculate average, marginal, average fixed, and average variable costs.