By Using L'Hopital's Rule $\frac { 56 } { 5 }$

question 108

Multiple Choice

$\text { Evaluate the limit } \lim _ { x \rightarrow \infty } \frac { 56 - 7 x + 8 x ^ { 2 } } { 5 x ^ { 2 } - 7 } \text { first by using techniques from Chapter } 3 \text { then }$ by using L'Hopital's Rule.

• A) \(\frac { 56 } { 5 }\)
• B) \(\frac { 8 } { 5 }\)
• C) \(- \frac { 7 } { 5 }\)
• D) \(\infty\)
• E) does not exist

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Definitions:

Efficient

Refers to a situation where resources are utilized in the best possible manner to produce desired outcomes without wasting materials, energy, or time.

Government Intervention

Actions taken by a government to influence or regulate different aspects of its economy.

Coase Theorem

Suggests that if property rights are clearly defined and transaction costs are low, parties will negotiate to solve externalities on their own.

Externalities

Costs or benefits that affect a party who did not choose to incur that cost or benefit, often leading to market failures.