Use the Following to Answer Question 84

question 106

Multiple Choice

Use the following to answer question 84:
-(Figure: Producer Surplus and Supply) Look at the figure Producer Surplus and Supply.The difference between the total revenue received by sellers and their total cost is called _____,which is depicted by area _____ if the amount sold is E.

• A) consumer surplus;ABD
• B) producer surplus;0BDE
• C) profit;ABD
• D) producer surplus;ABD

Grasp the definition, structure, and examples of data structures.

Comprehend the properties and operations of one-dimensional arrays including their terminology and access techniques.

Differentiate between atomic data types and complex data structures.

Recognize the syntax and semantics of array declaration, initialization, and usage in programming.

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Definitions:

Revenue

The result of the price charged to customers multiplied by the number of units sold.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Business Operation

The day-to-day activities and processes undertaken by a company to produce goods and provide services, maintain workflows, and generate profits.

Expenses

Costs incurred by a business in its operational activities.