When You Edit a File Using One of the Office

question 13

True/False

When you edit a file using one of the Office Web Apps on SkyDrive, the changes you make to the file are saved automatically on your hard drive.

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Definitions:

Average Total Cost

The total cost divided by the quantity produced, denoting the cost per unit of production.

Natural Monopoly

A market structure where a single supplier is most efficient in producing the goods due to high fixed or startup costs, making it unfeasible for new entrants to compete.

Producer Surplus

The variance between the intended selling price by producers and the real price they end up receiving.

Consumers

Individuals or entities that purchase goods and services for personal use.