Examlex
A new SaaS timecard application that is being tested will be used by all employees at a large corporation. The following process was used to test the application: 1. Three users from each site used the application for three weeks. 2. The new application was used side by side with the existing application. 3. The outputs of the old and new applications were compared side by side. Which of the following requirements did the testing plan confirm? (Select two.)
Marginal Cost
The additional cost incurred when producing one more unit of a good or service.
Economic Profit
The total revenue of a firm minus its explicit and implicit costs, representing the surplus generated beyond the opportunity cost.
Marginal Revenue
The increase in earnings from the sale of one additional unit of a good or service.
Competitive Price-Taker
An enterprise that is unable to dictate the market price and thus must conform to the current market price for its offerings.
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