Solve the System of Equations

question 215

Multiple Choice

Solve the system of equations. If the system has no solution, say that it is inconsistent.
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• A)x = 2, y = 4; (2, 4)
• B)x = 2, y = 3; (2, 3)
• C)x = 4, y = 2; (4, 2)
• D)inconsistent

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Definitions:

Quantity Effect

Refers to the change in consumer behavior resulting from a change in the price of a product, where the quantity demanded increases as the price decreases and vice versa.

Total Revenue

The total amount of money received by a company for goods or services sold, before any expenses are subtracted.

Marginal Cost

The additional cost incurred from the production of one additional unit of a good or service.

Marginal Revenue

The extra revenue generated by the sale of an additional unit of a good or service.