Which of the Following Is Not True About the Mobile

question 57

Multiple Choice

Which of the following is not true about the mobile platform?

• A) Most smartphones use Intel chips.
• B) The number of cell phones worldwide exceeds the number of PCs.
• C) About 25% of the world's cell phones are smartphones.
• D) Unlike PCs, smartphones do not need fans.

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Definitions:

Output

The total amount of goods or services produced by a firm, industry, or economy in a given period.

Marginal Wage Cost

The additional cost incurred by hiring an extra unit of labor, essentially the change in total wage cost from hiring one more employee.

Monopsonistic Labor Market

A market situation in which there is only one buyer (employer) for many sellers (workers), allowing the buyer to exert considerable control over wages and employment conditions.

MRP

Marginal Revenue Product; the additional revenue generated by employing one more unit of a factor, such as labor or capital.