A(n) _____ Is a Small Picture That Represents a Program

question 372

Multiple Choice

A(n) _____ is a small picture that represents a program, file, or hardware device.

• A) pic
• B) icon
• C) pointer
• D) shortcut

---

Definitions:

Explicit and Implicit Costs

Explicit costs are direct payments made to others in the course of running a business, like wages or rents, while implicit costs represent the opportunity costs of using resources owned by the business.

Marginal Costs

The cost of producing one additional unit of a good or service, reflecting the change in total cost that comes from a one unit increase in output.

Marginal Benefits

The additional benefit received from consuming or producing one more unit of a good or service.

Production

The process of combining various material inputs and immaterial inputs (plans, knowledge) to make something for consumption (the output).