Developers of Freeware Rely on the Honor System, Trusting Users

question 149

True/False

Developers of freeware rely on the honor system, trusting users to send payment if software use extends beyond the stated trial period.

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Definitions:

Output

The total quantity of goods or services produced by a firm or industry during a specific period.

Labor

Describes the use of human physical and mental capabilities in creating products and services.

Average-Variable-Cost Curve

The average-variable-cost curve graphs the unit variable cost against the level of output, typically showing a U-shaped curve due to economies and diseconomies of scale.

Variable Cost

Costs that change in proportion to the level of goods or services that a business produces.