Write the English Phrase as an Algebraic Expression $\frac { x } { 8 }$

question 109

Multiple Choice

Write the English phrase as an algebraic expression. Let the variable x represent the number.
-eight less than a number

• A) 8 - x
• B) \(\frac { x } { 8 }\)
• C) x + 8
• D) x - 8

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Definitions:

MR Curve

Stands for Marginal Revenue Curve, which shows how the revenue changes with the sale of one additional unit of a product.

Profit-Maximizing

The approach a company takes to determine the most profitable pricing and output combination.

Deadweight Loss

An inefficiency in the market that occurs when supply and demand are out of balance, resulting in lost economic opportunity.

Consumer Surplus

The distinction in the collective amount consumers are disposed and financially able to spend on a product or service, and the collective amount they actually spend.