Use the Formula for the General Term (The Nth Term)

question 44

Multiple Choice

Use the formula for the general term (the nth term) of a geometric sequence to find the indicated term of the sequence with the given first term, a1, and common ratio, r.
-Find a₉ when a₁ = 2, r = -2.

• A) 516
• B) -1024
• C) -14
• D) 512

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Definitions:

Isoquants

Curves that represent combinations of various input factors that produce the same output level.

Production Function

A mathematical relationship that describes how inputs like labor and capital are converted into outputs, representing the maximum output possible from a given set of inputs.

Technical Efficiency

The ability of a firm to get the maximum output from a given set of inputs, minimizing waste.

Marginal Product

The additional output obtained by employing one more unit of a variable factor of production, holding all other inputs constant.