Match the Term on the Left to Its Corresponding Definition

question 76

Multiple Choice

Match the term on the left to its corresponding definition on the right.
-World Wide Web

• A)program to surf the Web
• B)global connection of networks
• C)link computers together
• D)the graphical portion of the Internet
• E)Web 2.0
• F)transfer files and exchange messages
• G)the way that millions of Web pages are tied together
• H)modern video game console

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Definitions:

Average Total Cost Curve

A graphical representation of the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

Diminishing Marginal Returns

A principle stating that as more of a variable input is added to a fixed input, the additional output from each new unit of input will eventually decrease.

Average Total Cost Curve

A graphical representation showing the cost per unit of output when fixed and variable costs are summed up and divided by the total output.

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and labor expenses.