Some Smartphones Support A(n) ______ Keyboard App, on Which Users

question 85

Multiple Choice

Some smartphones support a(n) ______ keyboard app, on which users enter words by tracing a path on an on-screen keyboard.

• A) touch
• B) swipe
• C) finger
• D) virtual

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Definitions:

Marginal Revenue

The additional income derived from selling one more unit of a good or service.

Lerner Index

A measure of a firm's market power, calculated as the difference between price and marginal cost divided by price.

Elastic

Describes demand that is highly sensitive to changes in price, meaning that quantity demanded can significantly increase or decrease as prices change.

Average Cost

The total cost of production divided by the number of goods produced, representing the per-unit cost.