A Line Is Drawn Through the Point P(5, 2) So

question 568

Essay

A line is drawn through the point P(5, 2) so that it intersects the y-axis at A(0,y) and the x-axis at B(x,0). Find the smallest triangle formed if x and y are positive.

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Definitions:

Profit-Maximizes

The method or approach of modifying production and pricing to secure the maximum achievable profit.

Barriers To Entry

Obstacles that make it difficult for new competitors to enter a market, protecting existing firms from new entrants.

Scarce Resource

A resource with limited availability in comparison to the desired use which exceeds its supply in an economic environment.

Technological Superiority

Having more advanced and efficient technology compared to competitors, often leading to a competitive advantage.