Find the Number of Terms in the Sequence or the Sum

question 38

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. 8, 11, 14, 17, . . ., 89

• A)28
• B)30
• C)81
• D)84

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Definitions:

Marginal Revenue

The profit gained by selling an extra unit of a product or service.

Market Price

The ongoing cost at which one can purchase or sell a good or service in the market.

Total Revenue Curve

A graphical representation of the total income a firm receives from the sale of its goods or services at various levels of output.

Marginal Cost

The supplemental charge that arises from the production of an extra good or service unit.