The Name Blockchain Came About Due to the Fact That  _____

question 72

Multiple Choice

The name blockchain came about due to the fact that  _____.

• A)transactions are blocked if they are not valid
• B)transactions are grouped together into blocks
• C)there is a personal chain of command controlling each transaction
• D)each transaction is chained to a particular person

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit changes as production volume increases.

Maximum Capacity

The highest level of output or activity that a facility, system, or machine can achieve under normal conditions.

Capital

Economic resources that are used in the production of goods and services, including buildings, machinery, equipment, and financial assets.

User Cost

The cost of using a durable good over time, considering depreciation and the opportunity cost of not investing funds elsewhere.