A _____ Agent Can Be Used to Perform Specific Tasks

question 89

Multiple Choice

A _____ agent can be used to perform specific tasks for a user, such as remembering information for filling out Web forms.

• A)surveillance
• B)shopping
• C)data-mining
• D)personal

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Definitions:

Implicit Cost

The opportunity cost of using resources already owned by the firm for its current purpose, rather than their next best alternative use.

Economic Profits

The surplus remaining after total costs (both explicit and implicit) are subtracted from total revenues, often indicating the financial health and efficiency of a company.

Long-Run Average Cost

The average cost per unit of output where all inputs, including capital, are variable over time, reflecting economies or diseconomies of scale.

Plant Size

The capacity or physical extent of a manufacturing facility, which influences its production capabilities, economies of scale, and operational efficiency.