The _____ Image File Format Is Used to Create Images

question 4

Multiple Choice

The _____ image file format is used to create images that do not display a background color but have a transparent, or clear, background instead.

• A) PNG
• B) GIF
• C) JPG
• D) SVG

---

Definitions:

Losses

Financial reductions resulting from the operation of a business, particularly when expenses exceed revenues.

Shut Down

In economics, shut down refers to a short-term decision by a firm to cease production because operating costs exceed the revenue generated, particularly when prices fall below variable costs.

Increasing-Cost Industry

An industry in which costs of production increase as output is increased, often due to factors like limited resources or higher input prices.

LRAC Curve

Stands for Long-Run Average Cost curve, which shows the lowest average cost of producing different levels of output when all inputs, including capital, are variable.