Solve the Absolute Value Inequality $$24 \leq 12 + | - 4 t + 1 |$$

question 142

Short Answer

Solve the absolute value inequality. Write the solution in interval notation. $$24 \leq 12 + | - 4 t + 1 |$$

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Definitions:

Average Total Cost

Average total cost is the total cost of production divided by the quantity of output produced, including both fixed and variable costs.

Average Variable Cost

The total variable costs (costs that change with the level of output) divided by the quantity of output produced.

AVC Curve

Stands for Average Variable Cost curve, illustrating the average variable costs of production at different output levels.

ATC Curve

Average Total Cost Curve, a graphical representation showing how the average cost of producing one unit of goods changes with the level of production.