Match Each of the Following Terms with Its Corresponding Definition

question 21

Multiple Choice

Match each of the following terms with its corresponding definition.
-A function or service that is provided by all the instances of a class

• A)Aggregation
• B)Association
• C)Behavior
• D)Encapsulation
• E)Event
• F)Operation

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, representing their gain.

Producer Surplus

The difference between what producers are willing to accept for a product and the amount they actually receive.

Total Revenue

The overall amount of money generated by a firm from the sale of its goods and services, calculated as the unit price multiplied by the quantity sold.

Total Cost

The sum of the fixed cost and the variable cost of producing a given quantity of output.