Examlex
What is the output of the following code?
int *p;
Int x;
x = 12;
p = &x;
cout << x << ",";
*p = 81;
Cout << *p << endl;
Production Possibilities Curve
A graph that shows the maximum number of possible units a company can produce if it only produces two types of goods given a fixed amount of resources.
Marginal Costs
The extra financial burden of manufacturing another unit of a product or service.
Marginal Benefits
The improvement in benefit or utility realized by consuming or producing one more unit of a good or service.
Least-Cost Production
An economic principle where firms seek to produce their output at the minimum possible cost to maximize efficiency and profitability.
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