Which One of the Following Is the Most Important Consideration

question 10

Multiple Choice

Which one of the following is the most important consideration to make when selecting a computerized diet analysis system?

• A)How easy the program is to operate
• B)The quality of its nutrient database
• C)The system's output characteristics
• D)The cost

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Definitions:

Marginal Cost

The increase in cost incurred by producing one additional unit of a product or service.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual market price they receive, representing a measure of producer welfare.

Average Cost

The total cost divided by the quantity produced, indicating the cost per unit of output.

Competitive Industry

An industry characterized by a large number of firms competing against each other, leading to innovation, varied product choices, and reasonable prices for consumers.