Consider the Array Declaration and Instantiation: Int[ ] Arr =

question 34

Multiple Choice

Consider the array declaration and instantiation: int[ ] arr = new int[5]; Which of the following is True about arr?

• A) It stores 5 elements with legal indices between 1 and 5
• B) It stores 5 elements with legal indices between 0 and 4
• C) It stores 4 elements with legal indices between 1 and 4
• D) It stores 6 elements with legal indices between 0 and 5
• E) It stores 5 elements with legal indices between 0 and 5

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Definitions:

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources it already owns, without paying rent or purchasing them.

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Accountants

Professionals responsible for managing and auditing financial records, ensuring accuracy and compliance with legal requirements.

Short Run

Describes a period in which some factors of production or inputs are fixed, limiting the ability of a business to fully adjust to market changes.