When You Click on a Picture on Your Computer to Open

question 6

Multiple Choice

When you click on a picture on your computer to open a software program, you are using a(n) _____________.

• A) ATM
• B) GUI
• C) RFID
• D) SSD

---

Definitions:

Variable Cost

A cost that increases when the firm increases its output and decreases when the firm reduces its output.

Average Total Cost

The total cost divided by the number of units produced, representing the average cost of production per unit.

Purely Competitive Industry

An industry characterized by many firms offering identical products where no single firm can influence the market price.

Normal Profit

The minimum level of profit needed for a company to remain competitive in the market, typically considered as the cost of doing business, including opportunity costs.