Solve the Equation for X $$\left| \begin{array} { r r } 3 & x \\2 & - 1\end{array} \right| = 5$$

question 11

Multiple Choice

Solve the equation for x.
- $$\left| \begin{array} { r r } 3 & x \\2 & - 1\end{array} \right| = 5$$

• A) \(\left\{ \frac { 5 } { 3 } \right\}\)
• B) \(\left\{ \frac { 5 } { 2 } \right\}\)
• C) \(\{ - 4 \}\)
• D) \(\{ 4 \}\)

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Definitions:

Equality

Equality refers to the state of being equal, especially in status, rights, and opportunities.

Total Surplus

Total surplus refers to the sum of consumer surplus and producer surplus in a market, representing the overall benefit that market participants gain from engaging in trade.

High-cost Producer

A producer or company which has higher costs of production compared to competitors, often due to inefficient processes or higher input costs.

Low-cost Producer

A manufacturer or service provider with a competitive advantage allowing them to offer goods or services at a lower price than competitors, often due to operational efficiencies.