If Your Computer Is Connected to a Network Server Running

question 41

Multiple Choice

If your computer is connected to a network server running ____ software, you can store slides in a folder called a Slide Library for others to access, modify, and use.

• A) Office SharePoint Server 2007
• B) Office SharePoint Server 2010
• C) either a. or b.
• D) neither a. nor b.

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Definitions:

Perfectly Elastic

Describes a situation in which the quantity demanded or supplied changes by an infinite amount in response to any price change, depicted as a horizontal line on a graph.

Long-run Equilibrium

A state in which all factors of production are variable, leading to a situation where firms only earn normal profits and no incentives exist for entering or exiting the industry.

Short-run Equilibrium

The condition in which the quantity supplied equals the quantity demanded at a particular price level, but only over a short period.

Purely Competitive Firm

A company operating in a market where there are many buyers and sellers, with none being able to influence the market price significantly.