The Computer's Main Memory Is Commonly Known as

question 23

Multiple Choice

The computer's main memory is commonly known as

• A) direct-access memory (DAM).
• B) random-access memory (RAM).
• C) read only memory (ROM).
• D) secondary storage.
• E) none of the above.

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Definitions:

Maximize Profits

The process by which a firm adjusts its production and pricing strategies to earn the highest possible profit.

Economic Profits

Profits calculated by subtracting both the explicit and implicit costs of production from total revenues.

Monopolistically Competitive

Describes a market type where numerous sellers offer differentiated products, leading to competitive yet non-homogeneous markets.

Equilibrium

A condition where the supply and demand in the market are equal, leading to steady prices and amounts.