Add Do Not Use a Number Line Except as a Check

question 126

Multiple Choice

Add. Do not use a number line except as a check.
- $$- \frac { 5 } { 7 } + \frac { 4 } { 7 }$$

• A) \(- \frac { 9 } { 7 }\)
• B) \(\frac { 1 } { 7 }\)
• C) \(\frac { 9 } { 7 }\)
• D) \(- \frac { 1 } { 7 }\)

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Definitions:

Indifference Curve

A graphical representation in microeconomic theory of all possible bundles of goods between which a consumer is indifferent, showing preferences of equal utility.

Same Amount Of X And Y

This refers to a situation or condition where quantities or magnitudes of two variables, X and Y, are equal.

Utility Function

A mathematical representation of how a consumer derives satisfaction from consuming goods and services, depending on the quantity consumed.

Budget Constraint

Represents the combinations of goods and services a consumer can purchase given their income and the prices of those goods and services.