Find All Intercepts: ​ ​

question 113

Multiple Choice

Find all intercepts: ​ ​

• A) x-intercepts: (8,0), (-4,0); y-intercepts: (0, 8), (0, 4)
• B) x-intercept: (32, 0); y-intercepts: (0, 8), (0, 4)
• C) x-intercepts: (8, 0), (-4,0); y-intercept: (0, -32)
• D) x-intercepts: (8, 0), (-4,0); y-intercepts: (0, -32), (0, 32)
• E) x-intercept: (-4, 0); y-intercept: (0, -32)

---

Definitions:

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a benefit to consumers equal to the cost of producing it.

Producer Surplus

The variance between the price producers are willing to take for a good or service and the price they end up receiving.

Consumer Surplus

The discrepancy between the price consumers are ready to offer for a good or service and the price they end up paying.

Marginal Benefit

The enhanced enjoyment or utility gained from the consumption of one extra unit of a good or service.