In the CUSTOMER Record,the Field NAME Contains the Word "Jones

question 104

Multiple Choice

In the CUSTOMER record,the field NAME contains the word "Jones" along with 20 spaces after the last character.This is an example of a

• A) variable-length record.
• B) data item.
• C) fixed-length record.
• D) trailer.

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Definitions:

Marginal Cost

The cost incurred by producing one additional unit of a good or service.

Opportunity Cost

Opportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Marginal Product

Describes the additional output that is produced by using one more unit of a factor of production, holding all other factors constant.

Marginal Cost

The supplementary cost that arises when one additional unit of a product or service is produced.