What Would Be the Value of DiscountRate After the Following

question 5

Multiple Choice

What would be the value of discountRate after the following statements are executed?
Double discountRate = 0.0;
Int purchase = 1250;
Char cust = 'N';
If (purchase > 1000)
If (cust == 'Y')
DiscountRate = .05;
Else
DiscountRate = .04;
Else if (purchase > 750)
If (cust == 'Y')
DiscountRate = .04;
Else
DiscountRate = .03;
Else
DiscountRate = 0;

• A) .05
• B) .04
• C) .03
• D) 0

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Definitions:

Firm Interest

The commercial or financial concerns and objectives of a business organization.

Socially Optimal

A condition or level of operation where social welfare is maximized, considering all costs and benefits to society.

Marginal Cost

The rise in total expenses incurred from the production of an extra unit of a product or service.

Profit-maximizing Output

The level of production at which a firm achieves the highest possible profit, where marginal revenue equals marginal cost.