Write the Following as an Algebraic Expression in U, U $\sin \left( \arctan \frac { \mathrm { u } } { \sqrt { 2 } } \right)$

question 109

Multiple Choice

Write the following as an algebraic expression in u, u > 0.
- $\sin \left( \arctan \frac { \mathrm { u } } { \sqrt { 2 } } \right)$

• A) \(u \sqrt { u ^ { 2 } + 2 }\)
• B) \(\frac { \sqrt { u ^ { 2 } + 2 } } { u ^ { 2 } + 2 }\)
• C) \(\frac { u \sqrt { \mathrm { u } ^ { 2 } + 2 } } { \mathrm { u } ^ { 2 } + 2 }\)
• D) \(\frac { \mathrm { u } \sqrt { \mathrm { u } ^ { 2 } - 2 } } { \mathrm { u } ^ { 2 } - 2 }\)

Identify the concepts of market failure including externalities, monopolies, and public goods.

Recognize the historical and theoretical background of key economic theories and figures such as Karl Marx and Adam Smith.

Appreciate the importance and function of competition in market economies.

Learn about the economic transition experiences of countries such as Russia and China from planned to market economies.

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Definitions:

Equilibrium Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the market.

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Opportunity Cost

The cost of foregoing the next best alternative when making a decision.