COGNITIVE ASSESSMENT LCD Monitors and LCD Screens Sometimes Use a New

question 44

Multiple Choice

COGNITIVE ASSESSMENT LCD monitors and LCD screens sometimes use a new type of technology to produce color, which produces a brighter display and is less expensive to produce. What is this new technology called?

• A) OLED
• B) OLCD
• C) TFT
• D) TNT

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Definitions:

Price of Output

The market price at which a product or service is sold, determined by various factors including production costs, supply and demand, and market competition.

Profit-maximizing Firm

A company operated with the primary goal of making the highest possible profit, typically by adjusting outputs, prices, or inputs.

Theory of Profit-maximizing

A principle that suggests firms aim to achieve the highest possible profits by adjusting production levels, prices, or other variables.

Decreasing Returns To Scale

A situation where increasing the inputs proportionately results in less proportionate increases in output.