What Is a Computer Designed to Meet the Computing Needs

question 147

Multiple Choice

What is a computer designed to meet the computing needs of hundreds of people in a large business environment?

• A) Supercomputer
• B) Mainframe computer
• C) Workstation computer
• D) Minicomputer

---

Definitions:

Substitution Effect

The substitution effect occurs when consumers replace more expensive items with less costly alternatives, holding utility constant.

Price

The amount of money required to purchase a good or service, typically determined by supply and demand dynamics in the market.

Claret

A term predominantly used in Britain to refer to red wines from the Bordeaux region of France.

Demand Function

A mathematical representation that describes the relationship between the quantity of a good that consumers are willing and able to purchase and its price.