What Is the Output of the Following Code

question 100

Multiple Choice

What is the output of the following code?

• A)1
• B)2
• C)3

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Definitions:

Accounting Profits

The total revenue of a business minus the explicit costs associated with producing goods or services, not accounting for implicit costs.

Economic Profits

The variance between a company's overall earnings and the sum of its explicit and implicit expenditures.

Explicit Costs

Explicit costs refer to direct payments made for the operation of a business, like wages, rent, and materials.

Entrepreneur's Talent

The unique set of skills, insights, and experiences that an entrepreneur brings to a business venture, often driving its success.