The Source of IoT Data Is the _________

question 36

Multiple Choice

The source of IoT data is the _________.

• A)computer chip
• B)sensors
• C)broadband connection
• D)Bluetooth

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Definitions:

Economic Profit

The profit from business activities minus both the explicit and implicit costs, including opportunity costs.

Accounting Profit

The net income of a business as calculated by subtracting total expenses from total revenues, following standard accounting principles.

Marginal Costs

The additional expense incurred from the creation of one extra unit of a product, essential in economic decision-making.

Marginal Cost Curve

A graphical representation showing the cost of producing one more unit of a good.