An Operation That Creates a New Instance of a Class

question 39

Multiple Choice

An operation that creates a new instance of a class is called a(n) :

• A) query operation.
• B) update operation.
• C) scope operation.
• D) constructor operation.

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Definitions:

Profit-Maximizing

A strategy where a firm sets its production level to achieve the highest possible profit, where marginal cost equals marginal revenue.

Profit-Maximizing Monopolistically Competitive

A situation where a firm in a monopolistically competitive market sets its product prices and output levels to maximize its profits, recognizing it has some degree of market power.

MR = MC

An economic principle where a firm maximizes its profit when its Marginal Revenue equals Marginal Costs.

Marginal Revenue

The extra income obtained from the sale of an additional unit of a product or service.