Consider the Following Tree Diagrams: Which of the Above

question 102

Multiple Choice

Consider the following tree diagrams: Which of the above are binary trees?

• A) I
• B) II
• C) I and II
• D) Neither I nor II

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Definitions:

Opportunity Costs

The value of the next best alternative foregone as the result of making a decision.

Explicit Cost

The direct, out-of-pocket payment made by businesses for the use of resources.

Graphic Artist

A professional who creates visual content to communicate messages through digital and printed mediums.

Economic Profit

The difference between total revenues and total costs, including both explicit and implicit costs, measuring the true profitability of an enterprise.