Use the Following Table to Answer the Question : Table

question 27

Multiple Choice

Use the following table to answer the question : Table 15-3: shows the average cost [AC],marginal cost [MC],and demand [D] curves for a natural monopoly;Qi denotes quantity and Pi denotes price.
-In Figure 15-3,if the monopoly is forced to use the average-cost pricing policy,it would:

• A)produce Q2 at a price P3 and make zero economic profit.
• B)produce Q3 at a price P4 and make positive economic profit.
• C)produce Q1 at a price P1 and make zero economic profit.
• D)produce Q2 at a price P3 and make positive economic profit.

Understand the key characteristics and benefits of cloud computing.

Recognize the historical evolution of Information Technology (IT) infrastructure in organizations.

Identify the different models of cloud computing (IaaS, PaaS, SaaS) and their respective user management levels.

Comprehend how cloud computing supports resource sharing and on-demand services.

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Definitions:

Yield Management

A pricing strategy that uses understanding of consumer behavior and market demand to maximize revenue, often used in the airline and hotel industries.

Variable Costs

Expenses that change in proportion to the level of production or sales activity, such as materials and direct labor.

Perishable Seats

Refers to seats in service industries (like airlines or event management) that cannot be sold after a certain time, leading to potential revenue loss.

Yield Management

A variable pricing strategy based on understanding, anticipating, and influencing consumer behavior to maximize revenue or profits, especially in airline and hotel industries.