Solve the Rational Inequality $$8 \geq \frac { 1 } { x }$$

question 6

Multiple Choice

Solve the rational inequality. Write the solution set in interval notation.
- $$8 \geq \frac { 1 } { x }$$

• A) \(( - \infty , 0 ) \cup \left[ \frac { 1 } { 8 } , \infty \right]\)
• B) \(( 0,8 ]\)
• C) \(\left( 0 , \frac { 1 } { 8 } \right)\)
• D) \(( - \infty , 0 ) \cup [ 8 , \infty )\)

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Definitions:

Output Units

Output units refer to the individual units of product or service produced by a business or economic system.

Purely Competitive Seller

A seller in a market where there are many buyers and sellers, with no single entity able to control the market price.

Average Variable Cost

The total variable cost of production divided by the quantity of output produced; it decreases and then increases as output increases due to economies and diseconomies of scale.

Economic Profit

The extra income a business makes after accounting for all costs and expenditures, including opportunity costs.