Each File or Directory on the Internet (That Is,on the Host

question 53

Multiple Choice

Each file or directory on the Internet (that is,on the host computer connected to the Internet) is designated by an address,called its

• A) Packet Locating Number (PLN).
• B) Uniform Resource Locator (URL).
• C) Local Area Network (LAN).
• D) Internet Information Locator (IIL).

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Definitions:

Consumer Equilibrium

A scenario in which a consumer has distributed their income to achieve the greatest satisfaction, considering the prices of goods and services.

Budget Constraint

A representation of all the combinations of goods and services that a consumer can afford to purchase at given prices within their income level.

Utility

In economics, utility refers to the total satisfaction received from consuming a good or service.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, meaning the consumer has no preference for one bundle over another.