Solve. -Michael's Bank Contains Only Nickels, Dimes, and Quarters. There Are

question 97

Multiple Choice

Solve.
-Michael's bank contains only nickels, dimes, and quarters. There are 66 coins in all, valued at $5.40. The number of nickels is 6 short of being three times the sum of the number of dimes and quarters together. How many
Dimes are in the bank?

• A)8
• B)10
• C)48
• D)15

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Definitions:

Consumer Preferences

Describes the subjective tastes and preferences of individual consumers, influencing their purchasing decisions.

Marginal Benefit

The additional satisfaction or value a consumer gains from consuming one more unit of a good or service.

Purely Competitive

Describes a market structure where many small firms compete against each other, with no single entity able to control the market price.

Marginal Cost

The cost of producing one additional unit of a good, capturing how production costs change with the level of output.