Find the Limit Algebraically $$\lim _ { x \rightarrow 1 } \frac { x ^ { 4 } - 1 } { x - 1 }$$

question 17

Multiple Choice

Find the limit algebraically.
- $$\lim _ { x \rightarrow 1 } \frac { x ^ { 4 } - 1 } { x - 1 }$$

• A) 2
• B) 0
• C) 4
• D) Does not exist

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Definitions:

Production Costs

The total expense incurred in manufacturing a product or providing a service, including raw materials, labor, and overhead expenses.

Monopolistic Competition

An industry that has many firms producing a differentiated product.

Over-Differentiation

Over-differentiation occurs when a company creates too many variations of a product, causing confusion among consumers and potentially harming sales.

Monopoly Profits

Excess profits earned by a monopoly as a result of having sole control over a market, enabling it to charge higher prices by restricting supply.