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SLIP Provides Support for Error Detection,Internet Protocol (IP)address Assignments,link Testing,and

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SLIP provides support for error detection,Internet Protocol (IP)address assignments,link testing,and synchronous communication.


Definitions:

Output

The quantity of goods or services produced by a firm or economy.

Total Revenue Curve

A graphical representation that shows how total revenue changes as the quantity sold of a good or service changes, holding all other factors constant.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of output.

Price Elasticity

A gauge for assessing how changes in price affect the supply or demand volumes of a product.

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