Choose the One Alternative That Best Completes the Statement or Answers

question 315

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
Write a mathematical expression for the quantity described verbally.
-Sale price of an item marked $x$ dollars, if $70 \%$ is discounted from the marked price

• A) \(0.3 x\)
• B) \(x - 70\)
• C) \(1.7 x\)
• D) \(x - 0.7\)

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Definitions:

Marginal Productivity

The additional output resulting from a one-unit increase in the input of a particular factor of production, while holding other inputs constant.

Labor Demand Curve

A curve representing the quantity of labor that employers wish to hire at different wage rates.

Technological Advances

Innovations and improvements in technology that enhance efficiency, productivity, or quality in goods and services.

World Price

The price of a good that prevails in the world market for that good.