In the Following Statement, the Word Private Is Used to Guarantee

question 10

True/False

In the following statement, the word Private is used to guarantee that the variable cannot be accessed directly from outside the object.

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Definitions:

Average Total Costs (ATC)

A rephrasing of Average Total Cost, it calculates the per-unit production cost by dividing the total cost by the total quantity of goods produced.

Manufacturing Firm

A business that uses components, parts, or raw materials to make a finished good.

Marginal Cost

The cost of producing one additional unit of a product or service, used in economics to determine the optimum production level.

Output

The quantity of goods or services produced by a firm, sector, or economy.