The Basic Micropayment Model Where Micropayments Are Added to a Monthly

question 24

Multiple Choice

The basic micropayment model where micropayments are added to a monthly bill for existing services best describes

• A) subscriptions.
• B) stored value.
• C) direct payment.
• D) aggregation.

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Definitions:

Accountants

Professionals who perform accounting functions such as audits or financial statement analysis; also responsible for bookkeeping.

Wage Rate

The amount of compensation a worker receives per unit of time or output, often expressed per hour or piece.

Price Floor

A government-imposed minimum price above the market equilibrium price, preventing the price of a good or service from falling below this level.

Equilibrium Price

The equilibrium price is the market price at which the supply of an item equals its demand, leading to stable market conditions.