Use Mathematical Induction to Prove That the Statement Is True $$5 + 2 \cdot 5 + 3 \cdot 5 + \ldots + 5 n = \frac { 5 n ( n + 1 ) } { 2 }$$

question 224

Essay

Use mathematical induction to prove that the statement is true for every positive integer n.
- $$5 + 2 \cdot 5 + 3 \cdot 5 + \ldots + 5 n = \frac { 5 n ( n + 1 ) } { 2 }$$

---

Definitions:

Labor Supply

The total hours that workers are willing to work at a given wage rate, influenced by various factors like salaries, working conditions, and demographics.

Excess Burden

Excess burden is the economic loss society incurs as a result of tax inefficiencies, beyond the tax itself, often due to distorted economic behaviors.

Economic Decisions

Choices made by individuals, households, or governments regarding allocation of resources and distribution of goods and services.

Excess Burden

The cost to society created by market inefficiency, which can occur through such things as government intervention in the market or taxes that distort market outcomes.