Geometric Sequences and Series
1 Find the Common Ratio of a Geometric

question 140

Multiple Choice

Geometric Sequences and Series
1 Find the Common Ratio of a Geometric Sequence
- $$\frac { 4 } { 3 } , \frac { 8 } { 3 } , \frac { 16 } { 3 } , \frac { 32 } { 3 } , \frac { 64 } { 3 }$$

• A) 2
• B) not a geometric sequence
• C) 6
• D) 4

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Definitions:

Deadweight Loss

An economic inefficiency that occurs when a market does not reach equilibrium, leading to a loss of total social welfare.

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

Deadweight Loss

The decrease in economic productivity that happens when a good or service does not reach, or cannot reach, its equilibrium point.

Consumer Surplus

The difference between the maximum amount consumers are willing to pay for a good or service and the actual amount they do pay.