Web Services Require Compatible Hardware and Software Systems to Exchange

question 119

True/False

Web services require compatible hardware and software systems to exchange data over a network.

---

Definitions:

Marginal Social Cost

The additional cost to society as a whole from producing one more unit of a good or service, including both private costs and externalities.

Marginal Revenue

Change in revenue resulting from a one-unit increase in output.

Employee Effort Level

The degree to which an employee is motivated to exert effort in their work tasks and responsibilities.

Wage Rate

Rephrased: Wage Rate is the compensation paid by employers to employees for their labor, often determined per hour worked or by piece-rate.