An Example of Blink Technology Is When You Go to the Grocery

question 123

True/False

An example of blink technology is when you go to the grocery store and instead of writing a check or swiping your debit card or using a credit card,you "flash" or wave a card in front of the cashier.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business such as costs for raw materials or production labor.

Snow-clearing

The process of removing snow and ice from outdoor surfaces, primarily roads and pavements, to ensure safe passage for vehicles and pedestrians.

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products sold by all firms, no barriers to entry or exit, and perfect information among buyers and sellers.

Marginal Cost

It refers to the cost change associated with producing an extra unit of a good or service, important in economic decision-making.