Find the Degree of the Polynomial Function $$f ( x ) = 5 x - x ^ { 4 } + \frac { 5 } { 4 }$$

question 122

Multiple Choice

Find the degree of the polynomial function.
- $$f ( x ) = 5 x - x ^ { 4 } + \frac { 5 } { 4 }$$

• A) 1
• B) 5
• C) \(- 1\)
• D) 4

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Definitions:

Monopolistically Competitive

Describes a market structure in which many firms sell products that are similar but not identical, allowing for some degree of market power.

Economic Profits

A rephrased definition: The surplus achieved by a firm after accounting for both the operating expenses and the opportunity costs of all resources employed.

Monopolistically Competitive

A market structure featuring many firms selling products that are similar but not identical, allowing for some degree of market power and price setting.

Long Run

A period in economics during which all factors of production and costs are variable, allowing firms to adjust all inputs.