What Is the Value of AList After the Following Code

question 46

Multiple Choice

What is the value of aList after the following code is executed?
AList = [ 1, 2, 3 ]
AList.remove(2)

• A) [ 1, 2 ]
• B) [ 1, 3 ]
• C) [ 3 ]
• D) [ 1 ]

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the surplus revenue after all costs have been accounted for.

Zero Economic Profit

Occurs when a firm's total revenue is equal to its total explicit and implicit costs, indicating no abnormal profit.

Perfectly Competitive

A market structure characterized by a large number of small firms, homogenous products, and free entry and exit, leading to the optimal distribution of resources.