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The Main Reason for Using Secondary Storage Is to Hold

question 19

True/False

The main reason for using secondary storage is to hold data for long periods of time, even when the power supply to the computer is turned off.


Definitions:

Elastic Supply Schedule

A situation where the quantity supplied of a good changes significantly when its price changes.

Marginal Revenue Product

the additional revenue generated from using one more unit of a factor of production, holding other factors constant.

Marginal Revenue Product

The supplementary earnings derived from the utilization of an additional production factor unit.

Marginal Revenue Product

The additional income generated from selling one more unit of a good or service, calculated as the extra revenue produced by the marginal unit of output.

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