Google's Chromebook Effort Is a Promising Imitative, but So Far

question 35

True/False

Google's Chromebook effort is a promising imitative, but so far few consumers have adopted portable computers using the Chromebook standard.

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Definitions:

Fixed Input

A resource or factor of production whose quantity does not change with the level of output in the short run.

MRC

Marginal Resource Cost, the cost of utilizing one additional unit of a resource or factor of production.

MRP

Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource, commonly applied in economics.

Marginal Product

The additional output resulting from the use of one more unit of a production input, holding other inputs constant.