Use the Formula for the Sum of the First N $\frac { 3 } { 3 } , \frac { 3 } { 6 } , \frac { 3 } { 12 } , \ldots$

question 113

Multiple Choice

Use the Formula for the Sum of the First n Terms of a Geometric Sequence
-Find the sum of the first five terms of the geometric sequence: $\frac { 3 } { 3 } , \frac { 3 } { 6 } , \frac { 3 } { 12 } , \ldots$

• A) \(\frac { 31 } { 16 }\)
• B) \(\frac { 1 } { 12 }\)
• C) 93
• D) \(- \frac { 1 } { 12 }\)

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Definitions:

Equilibrium Price

Equilibrium price refers to the price point in the market where the amount of goods provided matches the amount of goods consumers want to buy.

Rent Control

Government-imposed limits on the amount landlords can charge for leasing residential properties, intended to make housing affordable.

Short Run

A period in economics during which at least one factor of production is fixed, limiting the ability of a business to adjust fully to market changes.

Rent Control

Government-imposed limits on the amount landlords can charge tenants for lease agreements, aimed at making housing more affordable.