Find the Indicated Nth Term of the Geometric Sequence

question 31

Multiple Choice

Find the indicated nth term of the geometric sequence.

• A) -327,680
• B) -81,920
• C) 1,562,500
• D) 23
• E) -312,500

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Definitions:

Long-run Equilibrium

It describes a state in which all factors of production and market forces are balanced, and no external pressures exist for change within an economic model.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, where no single entity can influence the market price of a homogeneous product.

Total Quantity Supplied

The overall amount of a good or service that producers are willing to sell at a given price over a specific period.

Long-run Equilibrium

A state in which all the factors of production and market forces are balanced, allowing for consistent economic conditions over time.