Compute Emulator and Compute hours

What do you understand by the Compute Emulator and Compute hours?

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Compute Emulator: The software emulation of Windows Azure Compute service which runs within the developer’s local environment for the application testing and the debugging.

Compute Hours: Amount of time charged to the subscription for hosted services deployed and running within the Windows Azure compute environment. Customers are charged several rates for various sized compute instances.

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