Decide Whether or Not the Equations Are Equivalent $$\begin{array} { l } x = - 8 \\x ^ { 2 } = 64\end{array}$$

question 55

Multiple Choice

Decide whether or not the equations are equivalent.
- $$\begin{array} { l } x = - 8 \\x ^ { 2 } = 64\end{array}$$

• A) Not equivalent
• B) Equivalent

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Definitions:

Social Cost

The total cost to society, including both private and external costs, of producing a good or service.

Private Cost

The costs directly incurred by individuals or companies involved in conducting an economic activity, excluding any external effects on others.

External Cost

A cost of a transaction that affects someone who did not choose to incur that cost, often associated with negative side effects of economic activities not reflected in market prices.

Social-Cost Curve

A graphical representation showing the total cost to society of producing various levels of a particular good or service, including both private costs and external costs.