Write an Equation Relating the Variables in the Situation Described

question 76

Multiple Choice

Write an equation relating the variables in the situation described.
-The amount of money M in a piggy bank containing only nickels and dimes d, when there are five more nickels than dimes.

• A)M = 0.1d + 0.20
• B)M = 0.15d + 0.25
• C)M = 0.05 + 0.1d
• D)M = 0.15d

---

Definitions:

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved in a market.

Administrative Cost

Expenses related to the general operation of a business, including office supplies, salaries of non-production staff, and rent.

Efficiency

The extent to which resources are utilized to their maximum potential, minimizing waste and maximizing output or outcomes.

Proportional Income Tax

A tax system where the tax rate remains constant regardless of the amount of income earned, meaning taxpayers pay the same percentage of their income in taxes.