Simplify the Following Expression $\left( \frac { 23 } { 39 } \right) \left( - \frac { 17 } { 44 } \right)$

question 43

Multiple Choice

Simplify the following expression. $\left( \frac { 23 } { 39 } \right) \left( - \frac { 17 } { 44 } \right)$

• A) \(\frac { 391 } { 1716 }\)
• B) \(\frac { 391 } { 783 }\)
• C) \(- \frac { 391 } { 1716 }\)
• D) \(- \frac { 391 } { 1174 }\)
• E) \(\frac { 391 } { 1174 }\)

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Definitions:

Average Total Cost

The total cost of production divided by the total quantity produced, representing the cost per unit of output.

Profit-maximizing

A strategy or behavior where a firm aims to achieve the highest possible profit from its operations, considering costs, revenue, and market conditions.

Zero Economic Profit

A scenario where a firm's total revenues are exactly equal to its total costs, indicating no abnormal profit beyond the normal rate of return.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of a firm to adjust to changes in market demand.