Rewrite the Expression Using a Determinant $$\frac { a + b } { c }$$

question 25

Essay

Rewrite the expression using a determinant. Show all your work.
- $$\frac { a + b } { c }$$

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Definitions:

Long Run

In economics, a period during which all factors of production and costs are variable, and firms can enter or exit the market.

Nonprice Competition

A marketing strategy in which businesses attempt to attract customers through methods other than lowering prices, such as product differentiation, quality, service, and advertising.

Pure Competition

A market setup defined by many small businesses, identical products, unrestricted entry and departure, and complete information transparency.

Long-Run Average

A concept referring to the time period in which all inputs can be adjusted by firms, relating to production costs and decisions.