Multiply or Divide as Indicated $\frac { 4 } { 19 } \div \frac { 3 } { 14 }$

question 75

Multiple Choice

Multiply or divide as indicated. Write the answer in lowest terms.
- $\frac { 4 } { 19 } \div \frac { 3 } { 14 }$

• A) \(\frac { 56 } { 55 }\)
• B) \(\frac { 55 } { 57 }\)
• C) \(\frac { 56 } { 57 }\)
• D) \(\frac { 18 } { 19 }\)

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Definitions:

Zero Economic Profits

A situation in which a firm's total revenues are exactly equal to its total costs, including opportunity costs, indicating neither an economic profit nor loss.

Long-Run Equilibrium

A market state where all producers and consumers have fully adjusted to all changes, and there are no forces causing further adjustments.

Production Costs

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

Marginal Revenue

The increase in revenue achieved by selling one additional unit of a product or service.