________ Lines Are Most Useful When an Organization Has Large

question 5

Multiple Choice

________ lines are most useful when an organization has large amounts of traffic between two sites.

• A) Twisted pair
• B) optic fibre
• C) Private
• D) Leased
• E) WAN

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Definitions:

Economic Profit

The profit from producing goods and services while considering both explicit and implicit costs, including opportunity costs.

Producer Surplus

The gap between the price that sellers are prepared to accept for a product and the real price it sells for in the market.

Total Variable Costs

The total of all costs that vary with the level of production or output.

Fixed Costs

Costs that do not change with the level of output or business activity, such as rent, salaries, or loan payments.