One Benefit of On-Demand Amazon Elastic Compute Cloud (Amazon EC2)

question 28

Multiple Choice

One benefit of On-Demand Amazon Elastic Compute Cloud (Amazon EC2) pricing is:

• A) the ability to bid for a lower hourly cost.
• B) paying a daily rate regardless of time used.
• C) paying only for time used.
• D) pre-paying for instances and paying a lower hourly rate.

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Definitions:

Senior Citizens

Individuals who are considered elderly, typically qualifying for certain benefits at a particular age, often 65 or older.

Profit-Maximizing

A strategy or behavior aimed at making the highest possible profit, where marginal costs equal marginal revenues.

Identical Demand

Refers to a market situation where all consumers have the same desire or need for a particular product or service.

Demand Elasticities

Demand elasticities measure how sensitive the quantity demanded of a good or service is to changes in its price, income levels, or other factors.