X and Y Are Two Positive Numbers and Y Is

question 131

Multiple Choice

x and y are two positive numbers and y is three greater than x. The product of the numbers is 130. Find the smaller number, x.

• A) 5
• B) 10
• C) 7
• D) 13

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Definitions:

External Costs

Costs incurred as a result of an economic activity that are not borne by the entities undertaking the activity but rather by other parties or society at large.

Marginal Cost

The rise in expense associated with the production of an extra unit of a product or service.

Benefits To Consumers

Refers to the advantages or improvements in well-being and satisfaction that consumers experience from purchasing and using goods and services.

Externalities

Monetary consequences that reach beyond the primary parties, impacting others positively or negatively.