Find the Limit, If It Exists $$\lim _ { x \rightarrow 7 } \frac { | 7 - x | } { 7 - x }$$

question 64

Multiple Choice

Find the limit, if it exists.
- $$\lim _ { x \rightarrow 7 } \frac { | 7 - x | } { 7 - x }$$

• A) 0
• B) \(- 1\)
• C) Does not exist
• D) 1

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Definitions:

Shutdown Point

A situation in microeconomics where a firm's revenue is equal to its variable costs, indicating it would incur losses by continuing production.

Firm's Output

The overall amount of products or services generated by a company over a specific timeframe.

Short Run

A period in economics during which the quantities of one or more production inputs cannot be changed, making some costs fixed.

Long Run

A period in economics during which all factors of production and costs are variable, allowing full adjustment to any change in the economic environment.