Find the Number of Terms in the Sequence or the Sum

question 36

Multiple Choice

Find the number of terms in the sequence or the sum of the sequence as requested.
-Find the number of terms in the following arithmetic sequence. 1, 3, 5, 7, . . ., 51

• A)28
• B)26
• C)25
• D)51

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Definitions:

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in income.

Entire Incomes

The total earnings received by an individual or household from various sources, including wages, salaries, and investments.

Cobb-Douglas Utility

A form of utility function that represents preferences with a particular functional form, often used in economics to model production and utility with inputs or goods raised to constant powers.

Quasilinear Utility

A utility function where the utility is linear in one argument, typically representing money, allowing for the analysis of changes in wealth without the utility of wealth itself changing.