While Working on a Computer in the Computer Lab at School,a

question 18

Multiple Choice

While working on a computer in the computer lab at school,a message popped up saying a new version of Java was ready to be installed.Trying to be helpful,Tomas clicked the Download Now button.What most likely happened next?

• A) The program started to download and make the necessary updates to the computer.
• B) The Setting button opened and displayed a list of updates needed.
• C) An error warning came on,because he is not the administrator of the account.
• D) The shortcut menu appeared and he selected Start from the box.

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Definitions:

Profit-maximizing

A process or strategy that firms employ to determine the price and output level that leads to the highest profit.

Short Run

A period during which at least one factor of production is fixed and cannot be changed, influencing a firm's capacity to alter production levels.

Marginal Cost

The expense associated with manufacturing an additional unit of a product or service.

Perfectly Competitive Firm

A business operating in a market where it has no power to influence the price of its product; it is a price taker.