COGNITIVE ASSESSMENT What Is a Receiving Device

question 165

Multiple Choice

COGNITIVE ASSESSMENT What is a receiving device?

• A) a device that initiates an instruction to transmit data, instructions, or information
• B) a device that connects to a communications channel
• C) a device on which data, instructions, and information travel
• D) a device that accepts the transmission of data, instructions, or information

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Definitions:

Value of the Marginal Product

The extra income produced from the use of an additional unit of input, like capital or labor.

Marginal Product (MP)

The extra output generated from increasing the quantity of a particular input by one, while keeping other inputs unchanged.

Price (P)

The cost necessary to acquire a good or service.

Value of the Marginal Product

The additional revenue generated by employing one more unit of a factor, such as labor or capital, in the production process.