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NEW QUESTION: 1
Which of the statements is true?
A. The less inelastic is the demand for a factor, the greater is the share of income that is comprised by economic rent.
B. The less elastic is the supply for a factor, the greater is the share of income that is comprised by economic rent.
C. The less inelastic is the supply for a factor, the greater is the share of income that is comprised by economic rent.
Answer: B
Explanation:
When the supply is perfectly inelastic, then all of the income is economic rent.

NEW QUESTION: 2
A virtualized mission critical application requires a guaranteed level of resource utilization.
Which of the following should be implemented?
A. Resource pooling
B. Licensing
C. Reservations
D. Soft limit
Answer: C

NEW QUESTION: 3
What is controlled by the item category of a sales document type? (3)
A. Whether an item is relevant for rejection and a reason for rejection is assigned to it.
B. Whether an item is relevant for pricing
C. Whether an item is relevant for billing
D. Whether the availability check is performed
E. Whether schedule line items are allowed
Answer: B,C,E