CASE Critical Thinking Questions

question 58

Multiple Choice

CASE
Critical Thinking Questions
Case 8-1
One of your fellow programmers has written the following array assignment statements for your review:
Dim strNames() As String = {"Baker" "Lopez", "Buck", "Chan", "Tirrell"}
Dim intReservations() As Integer = {4, 5, 12, 2, 8}
-If your programmer friend had failed to initialize the intReservations array,what would be the default value of intReservations(3) ?

• A) 0
• B) null
• C) 12
• D) 2

---

Definitions:

Marginal Cost

The additional cost incurred to produce one more unit of a good or service, highlighting the cost variations when adjusting production levels.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.

Competitively Organized

A market structure where multiple firms compete against each other, allowing for a wide range of choices for consumers and promoting efficiency.

Monopoly

A market structure characterized by a single seller, selling a unique product in the market with no close substitutes.