Examlex
Example Code Ch 12-2
Given the following recursive factorial method:
public int factorial(int x)
{
if (x > 1) return x * factorial (x - 1) ;
else return 1;
}
-Refer to Example Code Ch 12-2: What is returned if factorial(3) is called?
Break-Even Cost
The amount of revenue needed to cover the total fixed and variable costs of producing and selling a product, with no profit or loss.
Demand Curve
A graph representing the relationship between the price of a good and the quantity demanded by consumers at various price levels.
Price Collusion
An illegal practice where competing companies agree on price levels rather than competing, harming consumer interests.
Price Fixing
An illegal practice where businesses agree on prices for their products or services, rather than letting competition in the marketplace determine them.
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