Case-Based Critical Thinking Questions

question 4

Multiple Choice

Case-Based Critical Thinking Questions
Case 3-1
In PowerPoint 2013, Jim has been inserting text using the text box placeholders included in the slide layout. He wants to be able to add text to other locations on the slide.
Jim notices that as he types text in the text box, _____

• A) the height of the text box stays the same, and the additional text wraps to the next line
• B) the height of the text box changes, and the additional text wraps to the next line
• C) the height of the text box stays the same, and the additional text does not wrap
• D) the height of the text box changes, and the additional text does not wrap

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Definitions:

Optimal Consumption

The combination of goods and services that provides the highest level of satisfaction to an individual, given their income and the prices of those goods and services.

Prices Constant

An assumption in economic analysis that prices remain unchanged over a specific period, allowing for the examination of other variables' effects without price fluctuations.

Diminishing Marginal Rate

The principle that as the quantidade of a variable input increases, with all other inputs fixed, a point will be reached where the additions to output will begin to decrease.

Substitution

The economic principle describing how consumers or producers replace one good or service with another in response to changes in price or other factors.