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An Application team has asked a SysOps Administrator to provision an additional environment for an application in four additional regions. The application is running on more than 100 instances in us-east-1, using fully baked AMIs. An AWS CloudFormation template has been created to deploy resources in us-east-1. What must the SysOps Administrator do to provision the application quickly?
Elasticity Coefficient
A numerical measure of the responsiveness of the quantity demanded or supplied of a good to one of its determinants, like price or income.
Marginal Revenue Curve
A graphical representation showing how much additional revenue a firm will make from selling one more unit of a product or service.
Relatively Elastic
Refers to a scenario in which the demand or supply for a product or service greatly alters due to variations in its price.
Marginal Revenue
The extra revenue produced by the sale of an additional unit of a product or service.
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