A ________ Represents the Smallest Unit of Data a Computer

question 6

Multiple Choice

A ________ represents the smallest unit of data a computer can process.

• A) bit
• B) byte
• C) field
• D) file

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Definitions:

Profit-maximizing

A strategy or condition where a firm adjusts its production to achieve the highest possible profit based on its costs and the market price.

Shut-down Point

The price and quantity point at which a business ceases operations because continuing would result in losses.

Economically Efficient

A situation where resources are allocated in a way that maximizes the net benefit to society or minimizes the cost of achieving a set output level.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.