Determine Whether the Sequence Is Arithmetic

question 74

Multiple Choice

Determine whether the sequence is arithmetic. If so, find the common difference. 3, 9, 27, 81, 243

• A)3
• B)3n
• C)3n - 3n-1
• D)-3
• E)not arithmetic

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by supply and demand.

Firm's Willingness

The degree to which a company is prepared to produce goods or services at a certain price.

Market Price

The price at which a product or service is sold in the open market.

Consumer Surplus

The gap between the price consumers are prepared to pay for a product or service and the actual amount they spend, indicating the value gained by consumers.