A Byte Is Composed of ____ Bits and Can Denote

question 2

Multiple Choice

A byte is composed of ____ bits and can denote ____ values.

• A)8, 256
• B)4, 256
• C)8, 1024
• D)2, 19

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Definitions:

Short Run

A period of time in which at least one input, typically capital, is fixed, and producers can only adjust the variable inputs like labor.

Long Run

A period in economics during which all inputs and operations can be varied, allowing for the adjustment to changes in market conditions or demand.

Very Long Run

In microeconomics, a period of time long enough that technology can change and firms can introduce new products.