A(n) ____ Is a Data Type with Two Main Characteristics

question 22

Multiple Choice

A(n) ____ is a data type with two main characteristics: (1) its values can be decomposed into individual data elements, and (2) it provides an access scheme for locating individual data elements.

• A)data structure
• B)scalar data type
• C)array
• D)atomic data type

Assess the role of natural monopoly attitudes towards pricing policies and their impact on economic profits.

Understand the basic principles of how monopolies determine their profit-maximizing level of output.

Identify the relationship between marginal cost (MC) and marginal revenue (MR) in maximizing monopolist’s profit.

Calculate the monopolist’s profits based on given demand and cost data.

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Definitions:

Put

An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time.

Premium

The amount paid for an insurance policy or an amount paid above the nominal value for a security; also, the fees paid for an option contract.

Protective Put

Purchase of an asset combined with a put option on that asset to guarantee proceeds at least equal to the put’s exercise price.

Underlying Asset

The financial asset upon which a derivative instrument, such as a futures or options contract, is based.