Examlex

Solved

Which One of the Following Statements Is Correct for the Given

question 10

Multiple Choice

Which one of the following statements is correct for the given code snippet?
Int[] number = new int[3]; // Line 1
Number[3] = 5; // Line 2


Definitions:

Break-Even Point

The point at which total costs and total revenues are equal, meaning a business is not making a profit but also not incurring a loss.

Short Run

A period in which at least one factor of production is fixed, limiting the immediate capacity to adjust to changes in demand.

Long Run

A time frame where every production factor and cost can change, providing complete flexibility to adapt to new situations.

Short-Run Supply

The supply of goods that exists when producers are able to change the quantity of the good produced in response to changing prices, typically within a limited time frame.

Related Questions