Find the Modular Residue of the Product

question 211

Multiple Choice

Find the modular residue of the product.
-9,053,507,123 ·6,688,445 (mod 15)

• A)5
• B)7
• C)10
• D)8

---

Definitions:

LRMC

Long-Run Marginal Cost, which is the additional cost of producing one more unit of output when all inputs, including capital, are variable.

LRAC

Long-Run Average Cost, a curve that shows the lowest possible average cost of production, allowing all factors of production to vary.

Long-run Elasticities

Measure of responsiveness of demand or supply to changes in price or income, considered over a period long enough for all adjustments to be made.

Short-run Elasticities

Measures of how responsive the quantity demanded or supplied of a good is to a price change over a short period.