Which Pricing Model Would Result in Maximum Amazon Elastic Compute

question 92

Multiple Choice

Which pricing model would result in maximum Amazon Elastic Compute Cloud (Amazon EC2) savings for a database server that must be online for one year?

• A) Spot Instance
• B) On-Demand Instance
• C) Partial Upfront Reserved Instance
• D) No Upfront Reserved Instance

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Definitions:

Normal Profits

The required minimum level of profit needed for a company to remain competitive in the market; it is part of the firm's opportunity costs.

Short-run Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable, often in a temporal context.

Marginal Cost

The cost of producing one additional unit of a product, which can vary as production scales up or down.

Economic Losses

Financial deficits incurred by an individual, organization, or economy stemming from events or actions that reduce wealth or resources.