Simplify Your Answer Should Be in Lowest Terms $$6 \frac { 7 } { 13 } - 4 \frac { 4 } { 13 } + 8 \frac { 1 } { 13 }$$

question 550

Multiple Choice

Simplify. Your answer should be in lowest terms.
- $$6 \frac { 7 } { 13 } - 4 \frac { 4 } { 13 } + 8 \frac { 1 } { 13 }$$

• A) \(10 \frac { 4 } { 39 }\)
• B) \(10 \frac { 4 } { 13 }\)
• C) \(- 6 \frac { 4 } { 13 }\)
• D) \(10 \frac { 2 } { 13 }\)

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Definitions:

Income Effects

Changes in consumer behavior as a result of an individual's income changing, affecting the quantity demanded for goods and services.

Optimal Consumption Bundle

The consumption bundle that maximizes a consumer’s total utility given that consumer’s budget constraint.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford, based on income and prices.

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service.