Factor Out the Largest Possible Common Factor $$60 \mathrm { x } + 20$$

question 45

Multiple Choice

Factor out the largest possible common factor.
- $$60 \mathrm { x } + 20$$

• A) \(20 ( 3 x + 1 )\)
• B) \(20 ( 3 x )\)
• C) \(4 ( 15 x + 5 )\)
• D) \(5 ( 12 x + 4 )\)

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Definitions:

Marginal Cost

The add-on cost for the production of an extra unit of a good or service.

Average Fixed Cost

The division of production's unchanging costs, unaffected by output volume, by the total quantity of produce generated.

Profit-maximizing Output

Profit-maximizing Output is the level of production at which a business achieves the highest possible profit, determined by analyzing costs and revenues to find the most efficient production level.

Purely Competitive

Refers to a market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product, leading to price-taking behavior.