________ Is a Revolutionary Way of Using Electronic Money Over

question 15

Multiple Choice

________ is a revolutionary way of using electronic money over the internet.Traditional currency is used to buy electronic money that is then used to shop online.

• A) The debit card
• B) Ecash
• C) The ecard
• D) The NetCash card
• E) The smart card

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Definitions:

Marginal Costs

The rise in overall expenses resulting from the production of an additional unit.

Total Variable Cost

The sum of expenses that vary directly with the level of output, rephrasing it as the aggregate of costs that fluctuates in tandem with production volume.

Short-Run Supply Curve

A graphical representation showing the quantity of goods that producers are willing and able to sell at different prices, over a short period.

AVC Curve

A graph that shows the average variable costs associated with producing different levels of output, typically demonstrating how costs vary with output volume.