Case-Based Critical Thinking Questions Case 1-3 Jim Has Just Purchased

question 135

Multiple Choice

Case-Based Critical Thinking Questions Case 1-3 Jim has just purchased a new computer and it has made him think about how it works. He is particularly interested in how information is processed and stored in his computer. He has come to you for help. Jim wants to know why a compiler converts all statements in a program at one time and places them into an object code. You tell him it is so that ____.

• A) the code is ready to execute
• B) you can prevent the introduction of new errors
• C) you can put it on a chip
• D) none of the above

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Definitions:

Diminishing Returns

A principle stating that if one factor of production is increased while other factors are held constant, the output per unit of the variable factor will eventually decrease.

Fixed Resources

Assets and inputs in production that remain constant regardless of the level of output.

Diseconomies of Scale

A condition in which a firm experiences an increase in average costs as it increases its output, due to factors such as inefficiencies or complexity.

Marginal Product

The change in total output that results from the employment of one additional unit of a resource.