When You Attach & After the DataType in the Formal

question 13

Short Answer

When you attach & after the dataType in the formal parameter list of a function, the variable following that dataType becomes a(n) ____________________ parameter.

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Definitions:

Marginal Costs

The cost associated with producing one extra unit of a commodity, emphasizing the importance of scale in production.

Average Total Costs

The total cost of production divided by the number of units produced, representing the cost per unit.

Average Fixed Costs

Fixed production costs (unchanged by output volume) divided by the total produced output quantity.

Short-Run

A period in which at least one factor of production is fixed, influencing how businesses can respond to changes in demand or supply.