What Will Be the Values of Ans, X, and Y

question 17

Multiple Choice

What will be the values of ans, x, and y after the following statements are executed?
Int ans = 0, x = 15, y =25;
If ( x >= y)
{
Ans = x + 10;
X -=y;
}
Else
{
Ans = y + 10;
Y += x;
}

• A) ans = 0, x = 15, y = 25
• B) ans = 25, x = -10, y = 25
• C) ans = 35, x = 15, y = 40
• D) ans = 25, x = 15, y = 40

Describe the concepts of normal and inferior goods and how income changes affect their demand.

Demonstrate the impact of interest and wage changes on saving and labor supply decisions, incorporating the substitution and income effects.

Interpret graphical representations of budget constraints, indifference curves, and demand curves.

Distinguish between the substitution effect and the income effect on consumer choice.

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Definitions:

Promissory Note

A written promise to pay a specified sum of money to a certain individual or entity at a specified time or on demand.

Fictitious-Payee Rule

A principle in commercial law that a bank is not liable for fraudulent endorsement payments if the drawer intended the payee to be fictitious.

Refund

The process of returning funds to a purchaser in response to a product return, cancellation, or dissatisfaction with services provided.

Endorser

A person who signs their name on a document, often a check, to indicate their approval or to transfer ownership to another party.