When You Derive a Class from an Existing Class, You

question 31

Multiple Choice

When you derive a class from an existing class, you __________ add new data and functions.

• A) never
• B) must
• C) may
• D) None of these

Understand the concept of opportunity cost in economic decision making.

Comprehend the difference between rational and irrational decision making.

Identify the role and calculation of marginal costs and benefits in optimal decision making.

Differentiate between explicit and implicit costs and their importance in understanding economic and accounting profits.

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Definitions:

Monthly Fixed Manufacturing Cost

Regular, unchanging costs incurred by a manufacturing facility each month regardless of the volume of production, such as rent, salaries, and insurance.

Office Expense

Costs related to the day-to-day operations of an office, including supplies, utilities, and administrative salaries.

Total Cost

The complete amount of expenses incurred by a business or individual in the production or acquisition of a good or service.

Manufacture Units

The individual items or goods produced by a manufacturing process.