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Which Component of a Database Management System (DBMS)is Used to Design

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Which component of a database management system (DBMS) is used to design elements of an application using a database, such as data entry screens, interactive menus, and interfaces with other programming languages?


Definitions:

Minimum ATC

The lowest point on the Average Total Cost curve, indicating the most efficient scale of production for a firm in the long run.

Economic Profit

Profits earned by a firm or an individual after subtracting both the explicit costs and opportunity costs of resources employed.

Short Run

A time period in which at least one factor of production is fixed and cannot be changed, contrasting with the long run where all factors are variable.

Perfectly Competitive Firm

A company that operates in a market where there are many buyers and sellers, where it sells a homogeneous product and where there is free entry and exit from the market.

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