The Introduction of the Minicomputer

question 19

Multiple Choice

The introduction of the minicomputer:

• A)allowed computers to be customized to the specific needs of departments or business units.
• B)strengthened centralized computing.
• C)offered new,powerful machines at higher prices than mainframes.
• D)represented the rise of Microsoft.
• E)was dominated by IBM.

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Definitions:

Seller Surplus

The difference between price (what the seller is able to sell for) and the seller’s value (what she is willing to sell for).

Individual's Value

The worth or significance of a person, often considered in terms of their qualities, actions, and contributions to society.

Willing

Displaying a readiness or preference towards a particular action or decision.

Consumer Surplus

See Buyer Surplus.