An Array That You Can Picture as a Column of Values

question 40

Multiple Choice

An array that you can picture as a column of values, and whose elements you can access using a single subscript, is what type of array?

• A) two-dimensional
• B) jagged
• C) rectangular
• D) single-dimensional

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Definitions:

Willingness to Pay

The maximum amount an individual or entity is prepared to pay for a good or service, reflecting the value they place on it.

Proportional

A relationship between two quantities where they increase or decrease at the same rate.

Network Externalities

The effect that an additional user of a good or service has on the value of that product to others, often positive in the case of products that become more valuable as more people use them.

Significant

Importance in a statistical or substantive sense, often used to describe findings that are not likely to be due to chance.