The Set of Programs That Causes the Computer to Perform

question 17

Multiple Choice

The set of programs that causes the computer to perform the work desired is called the:

• A)software.
• B)hardware.
• C)network.
• D)server.

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Definitions:

Profit-maximizing

The process or goal of increasing a firm's profits to the highest possible level by adjusting output and pricing strategies.

Marginal Revenue Product

Additional income derived from the employment of an extra production factor.

Diminishing Marginal Returns

A principle stating that if one factor of production is increased while others remain constant, the overall returns will eventually decrease after a certain point.

Marginal Revenue Product

The additional income generated from using one more unit of a resource or factor of production.