Refer to the Table

question 343

Multiple Choice

$$\begin{array} { | c | c | c | c | c | } \hline ( 1 ) & ( 2 ) & ( 3 ) & ( 4 ) & ( 5 ) \\Q _ { d } & Q _ { d } & \text { Price } & Q _ { S } & Q _ { S } \\\hline 50 & 40 & \$ 10 & 70 & 80 \\\hline 60 & 50 & 9 & 60 & 70 \\\hline 80 & 60 & 8 & 50 & 60 \\\hline 90 & 70 & 7 & 40 & 50 \\\hline 100 & 80 & 6 & 30 & 40 \\\hline\end{array}$$ Refer to the table. If demand is represented by columns (3) and (1) and supply is represented by columns (3) and (4) , equilibrium price and quantity will be

• A) $10 and 60 units.
• B) $9 and 60 units.
• C) $8 and 80 units.
• D) $8 and 60 units.

Identify examples of open-source software and understand its principles.

Know the differences and purposes of software licensing types (e.g., freeware, commercial software).

Understand the basic concepts of data storage and compression.

Identify the various types of unwanted software and their impacts.

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Definitions:

Total Cost

The costs, both explicit and implicit, of all the resources used by the firm. Total cost includes a normal rate of return for the firm’s equity capital.

Profitable

A financial status indicating that revenues exceed the costs and expenses associated with operating a business.

Profit-Maximizing Level

The output level at which a firm achieves the highest possible profit, where marginal cost equals marginal revenue.