Using the Summation Formulas and Properties, Evaluate the Following Expression $$\sum _ { i = 1 } ^ { 30 } 8$$

question 108

Multiple Choice

Using the summation formulas and properties, evaluate the following expression.
$$\sum _ { i = 1 } ^ { 30 } 8$$

• A) 3720
• B) 465
• C) 232
• D) 240
• E) 38

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Definitions:

Production Function

An equation or model that describes the relationship between inputs (like labor and capital) and the maximum output that can be produced with those inputs.

Cost Function

An equation or formula that determines the total cost of production based on the quantity of output produced, including both fixed and variable costs.

Cube

A three-dimensional shape with six square faces, all of identical size, and eight vertices.

Competitive Firm

A company that operates in a market with many sellers and buyers, where no single entity can influence the market price.