What Happens When You Select a Picture, Click the Picture

question 645

Multiple Choice

What happens when you select a picture, click the Picture Layout button, and then click one of the layouts?

• A) You crop the picture.
• B) You change the shape of the picture.
• C) You apply a style to the picture.
• D) You create SmartArt that includes the picture.

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Definitions:

Economic Profit

The difference between the total revenue earned from production and the total costs (including both explicit and implicit costs) involved in the creation of that production.

Excess Profit

Profit earned by a firm that exceeds the normal profit level, often due to monopolistic power or market inefficiencies.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Monopolistic Competitor

A firm in a market structure where many companies sell products that are similar, but not identical, allowing for competition on factors other than price.