The Internet

question 94

Multiple Choice

The Internet:

• A)Is a series of LANs connected together to increase their local capability
• B)Is a series of networks connected to provide a global connectivity
• C)Is generally restricted to universities, libraries, and research organizations
• D)Comes from the concept of international networks

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Definitions:

Employment

The condition of having paid work or being engaged in a productive activity.

Marginal Revenue Product

The additional income produced by one more unit of input, such as labor or capital, in the production process.

Variable Input

An input whose quantity can be adjusted in the short run to affect the level of output in the production process.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a certain input, keeping other inputs constant.