Let P Represent the Statement, "Jim Plays Football", and Let $\sim ( p \vee q )$

question 140

Multiple Choice

Let p represent the statement, "Jim plays football", and let q represent the statement "Michael plays basketball". Convert the compound statement into symbols.
-It is not the case that Jim does not play football and Michael does not play basketball.

• A) \(\sim ( p \vee q )\)
• B) \(\sim ( \sim p \wedge \sim q )\)
• C) \(\sim \mathrm { p } \wedge \sim \mathrm { q }\)
• D) \(\sim ( \sim \mathrm { p } \vee \sim q )\)

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Definitions:

Total Profit

The net income a business earns after subtracting all costs, expenses, and taxes from the total revenue.

Per Unit Profit

The profit earned from selling one unit of a product, calculated by subtracting the cost per unit from the selling price per unit.

MR = MC Rule

A principle in economics where the optimal level of output is reached when marginal revenue equals marginal cost.

Price Taker

An individual or company that must accept prevailing prices in the market of its products or services, lacking the market power to influence prices on its own.