Constant Variables

question 16

Multiple Choice

Constant variables:

• A) Can be assigned values in executable statements.
• B) Do not have to be initialized when they are declared.
• C) Can be used to specify array sizes, thereby making programs more scalable.
• D) Can be used to specify array sizes, but this makes programs harder to understand.

---

Definitions:

Marginal Revenue

The augmented income from the sale of one more unit of a good or service.

Pure Competition

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a homogeneous product, leading to price taking behavior.

Competitive Firm

A business that competes in a market where it has some influence on the prices of its products or services but faces competition from other firms.

Total Economic

A term likely intending to refer to 'total economic value,' which encompasses all direct and indirect values of a resource or entity.