Identify the Use of Var ObjInstance = New ObjClass(parameters); Command

question 74

Multiple Choice

Identify the use of var objInstance = new objClass(parameters) ; command.

• A) To create instances of an object
• B) To define a user-defined object
• C) To create a custom object
• D) To add methods to a custom object

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Definitions:

Marginal Revenue

The rise in income generated by selling an additional unit of a product or service.

Average Total Cost

The cost per unit of output, calculated by dividing the total production cost by the total quantity produced.

AVC Curve

A graph representing the average variable cost of producing different quantities of output, typically U-shaped due to economies and diseconomies of scale.

Short-run Shut-down Price

The price level at which a firm's total revenue is equal to its variable costs, below which it should cease operations.