Refer to the Values of K(x) and P(x) in the Table

question 354

Multiple Choice

Refer to the values of k(x) and p(x) in the table, and evaluate the function for the given value of x.
- $\begin{array}{c|c|c}x & k(x) & p(x) \\\hline-3 & -6 & -7 \\\hline-2 & 6 & 1 \\\hline 1 & 2 & 4 \\\hline 6 & -2 & 5\end{array}$

$( p \circ k ) ( - 2 )$

• A) \(- 3\)
• B) 2
• C) 5
• D) 4

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Definitions:

Rational Employers

Employers who make hiring and firing decisions based on the optimization of productivity and cost-effectiveness.

Margin

The difference between the selling price of a product and the cost of producing it, often expressed as a percentage of the selling price.

Labor Supply Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor that workers are willing to supply.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.