Find a Formula for the Nth Term of the Sequence $8,9,10,11,12$

question 53

Multiple Choice

Find a formula for the nth term of the sequence.
- $8,9,10,11,12$ (integers beginning with 8 )

• A) \(a _ { n } = n + 7\)
• B) \(a _ { n } = n + 8\)
• C) \(a _ { n } = n - 8\)
• D) \(a _ { n } = n + 9\)

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Definitions:

Economic Profits

The total revenue of a business minus its explicit and implicit costs; it’s a measure of excess above the normal levels of profits businesses earn in a competitive environment.

Long-Run Equilibrium

A state in which supply equals demand, all firms are maximizing profits, and there is no incentive for market entry or exit.

Efficient Output

The level of production at which a firm or economy can produce the maximum amount of goods at the lowest possible cost.

Efficient Output

The level of production where a firm or economy can produce the maximum amount of goods and services with the least amount of inputs.