Determine the Most Probable Next Term in the Sequence $\frac { 2 } { 3 }$

question 136

Multiple Choice

Determine the most probable next term in the sequence.
-486, 162, 54, 18, 6

• A) 1
• B) \(\frac { 2 } { 3 }\)
• C) 2
• D) 3

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Definitions:

Marginal Revenue Curve

A graphical representation that shows the change in total revenue for every unit increase in the quantity of output sold.

Demand Curve

A graphical representation showing the relation between the price of a good and the quantity demanded by consumers.

Profit Maximizing

is a strategy where a firm decides on the quantity of production and price to maximize its profit.

Elasticity Of Demand

A gauge of the extent to which demand for an item is affected by fluctuations in its price.