Examlex
What is the output of the following code snippet?
Public static void doubleAmount(int intvalue)
{
Intvalue = 2 * intvalue;
}
Public static void main(String[] args)
{
Int principalAmt = 2000;
System.out.println(doubleAmount(principalAmt) ) ;
}
Average Fixed Costs
The fixed costs of production divided by the quantity of output produced; these costs do not vary with the level of output.
U-shaped Curve
A graphical representation showing a relationship where initial decreases lead to a minimum point, followed by subsequent increases.
Total Cost Curve
A graphical representation that shows the total cost of producing different levels of output, illustrating how costs change with production volume.
Marginal Cost Curve
A graphical representation that shows how the cost of producing one additional unit of a good varies as the quantity of the good produced changes.
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