Write an Equation That Expresses the Relationship $$y = \frac { 1 } { 2 } \text { when } x = 14$$

question 15

Multiple Choice

Write an equation that expresses the relationship. Use k as the constant of variation.
- $$y = \frac { 1 } { 2 } \text { when } x = 14$$

• A) \(y = \frac { 7 } { x }\)
• B) \(y = \frac { 1 } { 28 } x\)
• C) \(y = \frac { x } { 7 }\)
• D) \(y = \frac { 1 } { 7 x }\)

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Definitions:

Profit Maximization

The approach a corporation takes to figure out the price and production level that brings in the most profit.

Profit Sharing

A company policy wherein employees receive a share of the profits of the business, which serves as a motivation and reward for their performance.

Cartel Output

The total production level agreed upon by members of a cartel, aimed at maximizing their collective profits by controlling supply.

Demand Schedule

A table or graph displaying the quantity of a good or service that consumers are willing and able to purchase at various price points within a given time frame.