Solve. -Bill Needs an Average of 80 on Four Tests in in Science

question 130

Multiple Choice

Solve.
-Bill needs an average of 80 on four tests in science to make the honor roll. What is the lowest score he can receive on the fourth test if his first three scores are 84, 65, and 80?

• A) 77.3
• B) 91
• C) 80
• D) 76.3

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Definitions:

Monopolistically Competitive

Refers to a market structure where many companies sell products that are similar but not identical, leading to competitive prices and product differentiation.

Profit-maximizing Output

The level of production at which a company achieves the maximum possible profit, where marginal cost equals marginal revenue.

Demand

This refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.

Cost Data

Information related to the expenses incurred in the production of goods or delivery of services, essential for pricing, budgeting, and economic analysis.