Is the Code Given By $$a : 0 , m : 10 , s : 110 , t : 111 \quad \text { a prefix code? }$$

question 61

Short Answer

Is the code given by $$a : 0 , m : 10 , s : 110 , t : 111 \quad \text { a prefix code? }$$

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Definitions:

AVC

Stands for Average Variable Cost, which is the total variable cost per unit of output.

Short-Run Supply

The supply of goods that occurs when the sellers are only able to change some, but not all, conditions of production.

Diminishing Marginal Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.

Perfectly Competitive

A perfectly competitive market is one where many buyers and sellers trade identical products so that each has no influence on the market price.