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Without Graphing, Decide:
(A) Are the Graphs of the Equations {y5x=45y=25x+20\left\{ \begin{aligned}y - 5 x & = 4 \\5 y & = 25 x + 20\end{aligned} \right.

question 9

Multiple Choice

Without graphing, decide:
(a) Are the graphs of the equations are identical lines, parallel lines, or lines intersecting at a single point?
(b) How many solutions does the system have?
- {y5x=45y=25x+20\left\{ \begin{aligned}y - 5 x & = 4 \\5 y & = 25 x + 20\end{aligned} \right.

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Definitions:

Long-run Average Total Cost

The total cost per unit of output when all factors of production are variable, and economies of scale have been achieved.

Average Total Cost Curve

A graphical representation showing how the total cost of production per unit of output changes with the level of output.

Long-run Equilibrium

occurs when all firms in a market or industry are producing at their most efficient level, with no incentive for entry or exit, and economic forces are balanced.

Total Revenue

The total amount of money a firm receives from selling its goods or services, calculated as the unit price multiplied by the quantity sold.

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