Each Individual Variable in the List

question 85

Multiple Choice

Each individual variable in the list
student(0) , student(1) , student(2)
is known as a(n)

• A) subscript.
• B) dimension.
• C) element.
• D) type.

---

Definitions:

Revenue Function

A Revenue Function is a mathematical representation of how a company's revenue is dependent on the selling price and quantity of goods or services sold.

Supply Curves

Graphs showing the relationship between the price of a good and the quantity of that good a seller is willing to supply.

Demand Curves

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Market Equilibrium

Market equilibrium is the condition in which the quantity supplied of a good matches the quantity demanded at a particular price, leading to a stable market condition.