Find the Domain and Range

question 295

Multiple Choice

Find the domain and range.
- {(-7,7) ,(11,2) ,(12,-1) ,(12,1) }

• A) Domain: {12,11,-7,-12} ; range: {-1,2,7,1}
• B) Domain: {-1,2,7,1} ; range: {12,11,-7}
• C) Domain: {12,11,-7} ; range: {-1,2,7,1}
• D) Domain: {12,11,-7,22} ; range: {-1,2,7,1}

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Definitions:

Economic Profit

The difference between a firm's total revenues and its opportunity costs, representing the additional gain over what could have been earned in the next best alternative.

Normal Profit

The minimum level of earnings needed for a company to remain in business, often considered as the company's opportunity cost.

Break Even

The juncture where the aggregate of all costs matches the total income, leading to neither a profit nor a loss.

Short Run

A period of time during which at least one of a firm's inputs is fixed.