Write the Correct Meaning for IOP

question 76

Short Answer

Write the correct meaning for IOP:

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Definitions:

iPad Computers

Tablet computers designed and marketed by Apple Inc., known for their touch screen interface and wide range of applications for personal and professional use.

Enhanced Versatility

Improved ability of a product, service, or system to adapt to a wide range of functions or activities.

Law of Diminishing

Refers to the principle that as the quantity of a good or input increases, holding all else constant, the added benefit from an additional unit will eventually decline.

Marginal Costs

The increase in total cost that arises from producing one more unit of a product or service.