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An Increasing Number of Firms Decide to Install Tablets and Computers

question 18

Multiple Choice

An increasing number of firms decide to install tablets and computers so that customers are able to order and pay on their own.This can be expected to ________ investment spending by the firms.At the same time we can expect the unemployment rate to ________ and consumption spending to ________.Overall the effect on gross domestic product (GDP) is ________.


Definitions:

Profit

The financial gain obtained when the revenue from business activities exceeds the costs and expenses associated with operating the business.

Economic Profit

The total revenue from operations minus both the explicit and implicit costs; it's a measure of profitability factoring opportunity costs.

Accounting Profit

The net income a company reports on its financial statements, calculated as total revenues minus explicit costs of doing business.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service.

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