Critical Thinking Questions Case 3-1 You Have Had Your Desktop

question 178

Multiple Choice

Critical Thinking Questions Case 3-1 You have had your desktop for several years and you have decided that it is time for you to purchase a new one. Before heading online to make your purchase, you re-familiarize yourself with a buyer's guide that you found in your Discovering Computers textbook. Which of the following is not a hidden cost to which the buyer's guide refers?

• A) bundled software
• B) computer furniture
• C) UPS
• D) router

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Definitions:

Demand

The total quantity of a good or service that consumers are willing and able to purchase at various price levels at a given time period.

Unit Elastic

A demand or supply situation where a percentage change in price results in an equal percentage change in the quantity demanded or supplied.

Revenue Inelastic

A situation where the revenue from a product does not significantly change with fluctuations in its price, indicating a low sensitivity to price changes.

Total Revenues

Total Revenues are the overall income generated by a company from selling goods or services before deducting any costs.