Which of the Following Is NOT a Reason for Using

question 2

Multiple Choice

Which of the following is NOT a reason for using procedures?

• A) They break a complex problem down into smaller pieces.
• B) They make a program run faster.
• C) They can be reused easily.
• D) They make it easier for a team of people to work together on a single program.

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Definitions:

Marginal Cost

The additional cost incurred when producing one more unit of a good or service.

Economic Profit

The total revenue of a firm minus its explicit and implicit costs, representing the surplus generated beyond the opportunity cost.

Marginal Revenue

The increase in earnings from the sale of one additional unit of a good or service.

Competitive Price-Taker

An enterprise that is unable to dictate the market price and thus must conform to the current market price for its offerings.