Select the Subscripted Variable Name That Should Be Used to Refer

question 18

Multiple Choice

Select the subscripted variable name that should be used to refer to the Mth position of the array named N.

• A)N(M)
• B)M(N)
• C)M
• D)N

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Definitions:

Consumer Preference

Individuals' or groups' choices and priorities regarding products, services, or other consumption activities.

Indifference Curves

Graphical representations in economics, showing combinations of goods between which a consumer is indifferent, implying the same level of satisfaction or utility.

Consumption Choice

This refers to the selection of a combination of goods and services that individuals or households decide to consume based on their preferences, income, and prices.

Budget Constraint

A limit on the consumption possibilities of an individual or entity based on available resources.