Examlex
Use the chart below to answer the following questions regarding flow chart symbols.
-Which symbol would be used in a flowchart to represent a payroll master file kept on magnetic tape?
Optimal Level
The most efficient, effective, or desirable point or state for a specific circumstance or variable.
Willingness to Pay
Willingness to pay represents the maximum amount an individual is prepared to spend to acquire a good or service.
Marginal Cost
The boost in total charges linked to the creation of one more unit of a product or service.
Public Good
For the benefit of all society members, goods or services are offered at no cost, either by government agencies or private individuals or organizations, not with the aim of profit.
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