Determine the Constant of Variation for the Stated Condition $c$ Varies Directly as a and Inversely As

question 444

Multiple Choice

Determine the constant of variation for the stated condition.
- $c$ varies directly as a and inversely as $b$ , and $c = 5$ when $a = 60$ and $b = 25$ .

• A) \(\mathrm { k } = \frac { 25 } { 12 }\)
• B) \(\mathrm { k } = \frac { 12 } { 25 }\)
• C) \(\mathrm { k } = 25\)
• D) \(\mathrm { k } = 5\) Find the variation equation for the variation statement.

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Definitions:

Monopolistically Competitive

A market structure characterized by many firms offering similar but not identical products, leading to competition based on product differentiation.

Typical Firm

A typical firm refers to an average or representative entity in an industry characterized by the industry's common practices, production processes, and competitive strategies.

Consumer Surplus

The amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Monopolistically Competitive Price

Refers to the price level set by firms in a monopolistically competitive market, where many firms sell products that are differentiated from one another and not perfect substitutes.