Before a Floppy Disk Can Be Used, It Must First

question 14

Multiple Choice

Before a floppy disk can be used, it must first be ____.

• A) Formatted
• B) Downloaded
• C) Renamed
• D) Installed

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Definitions:

Total Cost

The sum of the fixed cost and the variable cost of producing a given quantity of output.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, often depicted as an area on a graph.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Producer Surplus

The difference between the amount producers are willing and able to sell a good for and the amount they actually receive.