Write the Inverse of the Conditional Statement

question 13

Multiple Choice

Write the inverse of the conditional statement.
If I get a speeding ticket, my parents do not pay for my insurance.

• A)If I get a speeding ticket, my parents pay for my insurance.
• B)If my parents pay for my insurance, I do not get a speeding ticket.
• C)If I do not get a speeding ticket, my parents pay for my insurance.
• D)If my parents do not pay for my insurance, I get a speeding ticket.

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Definitions:

Marginal Revenue Product

The boost in revenue achieved by adding one more unit of a factor involved in production.

Marginal Product

The additional output that results from using one more unit of a particular input, keeping other inputs constant.

Variable Input

Any resource used in production whose quantity can be changed in the short term to increase or decrease output.

Marginal Revenue Product Curve

A graphical representation showing how the additional revenue generated by employing one more unit of a resource varies with the quantity of the resource employed.