Which of the Following Is a Correct Declaration of Enumerated

question 9

Multiple Choice

Which of the following is a correct declaration of enumerated type for the suits of a deck of cards?

• A) enumerated type Suit = { hearts, spades, diamonds, clubs };
• B) enum Suit {hearts, spades, diamonds, clubs };
• C) enum Suit {hearts, spades, diamonds, clubs }
• D) enumerated type Suit = {hearts, spades, diamonds, clubs };
• E) enum Suit = { hearts, spades, diamonds, clubs }

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Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, reflecting the actual profitability of a firm beyond accounting profit.

Equilibrium

A state of balance in a market when the quantity demanded equals the quantity supplied, leading to no further incentive to change.

Short Run

A time period during which at least one factor of production is fixed, limiting the capacity to adjust fully to market conditions.

Maximum Total Profits

The highest possible profit that a firm can achieve, determined by subtracting total costs from total revenues at the optimal level of production.