____________________ Allows Businesses to Subscribe to Web-Delivered Application Software by Paying

question 18

Short Answer

____________________ allows businesses to subscribe to Web-delivered application software by paying a monthly service charge or a per-use fee.

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Definitions:

Profit

The financial gain made in a transaction, calculated as the difference between the revenue received and the costs incurred.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced.

Output

Represents the total amount of goods and services produced by an economy over a specific period.

Average Variable Cost

The total variable costs (costs that change with the amount of output produced) divided by the quantity of output produced.