Simplify. -5.9k - 1.3 - 3.5k + 6 + 2.1k

question 125

Multiple Choice

Simplify.
-5.9k - 1.3 - 3.5k + 6 + 2.1k

• A) 11.5k + 4.7
• B) 4.5k + 4.7
• C) 4.5k - 4.7
• D) 4.5k + 7.3

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Definitions:

Marginal Cost

The change in total production cost that arises when the quantity produced is incremented by one unit.

Total Profit

The total income earned by a firm after deducting all costs and expenses from total revenue.

Nash Equilibrium

A concept in game theory where no participant can gain by unilaterally changing their strategy if the strategies of others remain unchanged.

Profit-Maximizing

Refers to the process or strategy by which a firm selects outputs at which its profits are maximized, achieved by equating marginal revenues to marginal costs.