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A company has a web application with sporadic usage patterns. There is heavy usage at the beginning of each month, moderate usage at the start of each week, and unpredictable usage during the week. The application consists of a web server and a MySQL database server running inside the data center. The company would like to move the application to the AWS Cloud, and needs to select a cost-effective database platform that will not require database modifications. Which solution will meet these requirements?
Average Variable Cost
The sum of all costs that vary with output levels, when divided by the total output produced.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at various prices.
Monopolistic Firm
A monopolistic firm is a company that has significant market power to set prices or output levels, often because it is the only supplier of a product or service.
Marginal Revenue Curve
A graphical representation showing how marginal revenue varies as output level changes.
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