Identify the Property Illustrated by the Expression $\frac { 1 } { 4 } ( 4 ) = 1$

question 431

Multiple Choice

Identify the property illustrated by the expression.
- $\frac { 1 } { 4 } ( 4 ) = 1$

• A) multiplicative inverse property
• B) identity element for multiplication
• C) distributive property
• D) associative property of multiplication

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Definitions:

Diminishing Marginal Returns

A principle in economics where each additional unit of input results in a smaller increase in output after a certain point, common in production processes.

Total Revenues

The sum of all earnings or income generated by a business or entity from its operations, before any deductions or expenses are taken into account.

Forgone Entrepreneurial Income

The potential earnings that an entrepreneur sacrifices by choosing to operate their business instead of working elsewhere for a salary.