Word Processing, Desktop Publishing, and Web Authoring Are the Three

question 63

Short Answer

Word processing, desktop publishing, and web authoring are the three most popular types of a kind of production software classified as ____________________.

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Definitions:

Long Run

An economic period in which all inputs, including capital, can be adjusted, allowing firms to fully adapt to market changes.

Output

The total amount of goods and services produced by an economy or a production process over a certain period of time.

Marginal Cost

The cost of producing one additional unit of a product or service, which varies depending on the level of production.

Marginal Revenue

The boost in income derived from selling an extra unit of a good or service.