Final answer:
The memory size is 256 bytes.
Step-by-step explanation:
The memory size can be calculated by the formula 2^(address width - word width).
Given the address width is 24 bits and the word width is 16 bits, we have:
Memory size = 2^(24 - 16) = 2^8 = 256 bytes
Since the question is asking for the memory size in bytes and none of the options match 256 bytes, none of the given options are correct.