This ArrayList Class Method Deletes an Item from an ArrayList

question 56

Multiple Choice

This ArrayList class method deletes an item from an ArrayList.

• A) remove
• B) delete
• C) erase
• D) purge

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Definitions:

Implicit Costs

The opportunity costs of using resources already owned by the firm for production, as opposed to external spending.

Economic Profit

The difference between revenue generated from output and the opportunity costs of inputs used, considering both explicit and implicit costs.

Accounting Profit

The profit of a company after all expenses have been deducted from revenues, but before deducting income taxes.

AVC (Average Variable Cost)

The total variable cost divided by the quantity of output produced; it varies with production.