Write the Word or Phrase That Best Completes Each Statement

question 291

Essay

Write the word or phrase that best completes each statement or answers the question.
Use the commutative and/or associative laws to rewrite the given expression. Label each step with a reason.
-(x + 2) + 3 as 5 + x

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Definitions:

Joint Output

Joint output describes a situation where the production process results in two or more products being produced simultaneously from the same inputs.

Mutual Gains

Benefits that occur in a situation or transaction that are advantageous to all involved parties.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others.

Lowest Opportunity Cost

The situation where the choice made uses the least possible sacrifice of alternatives, having the minimal foregone benefits among all options.