Use the Laws of Exponents to Simplify $\left( \frac { x ^ { 3 / 5 } } { y ^ { 1 / 2 } } \right) ^ { - 2 / 3 }$

question 29

Multiple Choice

Use the laws of exponents to simplify. Write the answer with positive exponents.
- $\left( \frac { x ^ { 3 / 5 } } { y ^ { 1 / 2 } } \right) ^ { - 2 / 3 }$

• A) \(\frac { x ^ { 2 / 5 } } { y ^ { 1 / 3 } }\)
• B) \(\frac { y ^ { 1 / 3 } } { x ^ { 2 / 5 } }\)
• C) \(\frac { y ^ { 2 / 5 } } { x ^ { 1 / 3 } }\)
• D) \(\frac { x ^ { 1 / 3 } } { y ^ { 2 / 5 } }\)

Understand the concept of marginal utility and how it influences consumer decision-making.

Interpret the significance of price salience on demand elasticity.

Analyze how total utility is achieved through the consumption of goods and services.

Apply the concept of utility maximization to diverse goods to determine consumer choice.

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Definitions:

Concept Testing

The process used to evaluate consumer response to a product idea before it is introduced to the market.

Reverse Engineering

Involves taking apart a competitor’s product, analyzing it, and creating an improved product that does not infringe on the competitor’s patents, if any exist.

Market Testing

The process of evaluating a new product or service in limited market segments before a full-scale launch, to assess its appeal and potential success.

Potential ROI

The anticipated return on investment, a measure of the profitability of an investment relative to its cost.