Find an Equation of the Line Graphed $f ( x ) = - \frac { 7 } { 4 } x + 7$

question 135

Multiple Choice

Find an equation of the line graphed. Write the equation using function notation.
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• A) \(f ( x ) = - \frac { 7 } { 4 } x + 7\)
• B) \(f ( x ) = \frac { 7 } { 4 } x + 7\)
• C) \(f ( x ) = - \frac { 7 } { 4 } x - 7\)
• D) \(f ( x ) = \frac { 7 } { 4 } x - 7\)

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Definitions:

LRAC Curve

the Long-Run Average Cost curve, showing the lowest average cost at which any output level can be produced when all inputs are variable.

Increasing-Cost Industry

An industry where the costs of production increase as the output expands, often due to factors like resource depletion and higher input prices.

LRAC Curve

Long-Run Average Cost Curve, showing the lowest cost at which a firm can produce any given level of output in the long run, where all inputs are variable.

Increasing-Cost Industry

An industry in which production costs increase as firms enter the market, often due to limited resources or factors of production.