What Is the Technology Featured in the Trend Known as the Internet

question 177

Multiple Choice

What is the technology featured in the trend known as the Internet of Things?

• A)embedded computers
• B)Flash drives
• C)SSDs
• D)virtual computing

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Definitions:

Marginal Cost

The supplementary expense incurred from manufacturing one more unit of a good or service.

Price

The amount of money expected, required, or given in payment for something.

Price Rigidity

Characteristic of oligopolistic markets by which firms are reluctant to change prices even if costs or demands change.

Demand Curve

Depicts how the quantity demanded of a commodity varies with its price, commonly shown as a downward-sloping line on a graph, reflecting the inverse relationship between price and quantity demanded.