Examlex
What is the output of the following segment of code if 4 is input by the user when asked to enter a number?
int num;
int total = 0;
cout << "Enter a number from 1 to 10: ";
cin >> num;
switch (num)
{
case 1:
case 2: total = 5;
case 3: total = 10;
case 4: total = total + 3;
case 8: total = total + 6;
default: total = total + 4;
}
cout << total << endl;
Average Cost
The total cost divided by the quantity produced, indicating the cost per unit of output.
Competitive Industry
An industry characterized by a large number of firms competing against each other, leading to innovation, varied product choices, and reasonable prices for consumers.
Marginal Cost
The cost associated with producing one more unit of a product, reflecting how production costs change with output levels.
Average Cost
The total cost of production divided by the number of units produced, often used to calculate the cost per unit.
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