A Byte Is a Collection Of

question 25

Multiple Choice

A byte is a collection of:

• A) Four bits
• B) Six bits
• C) Eight bits
• D) A dollar

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Definitions:

Inputs

Resources used in the production process, including labor, technology, and materials.

Economies Of Scale

Situation in which output can be doubled for less than a doubling of cost.

Increasing Returns

A situation where the addition of more units of input results in a more-than-proportional increase in output.

Competitive Market

A market structure characterized by many buyers and sellers, such that no single party can dictate the market price.