Find the Perimeter of an Piece of Notebook Paper

question 317

Multiple Choice

Find the perimeter of an piece of notebook paper.

• A) inches
• B) inches
• C) inches
• D) inches
• E) inches

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Definitions:

MRTS

The Marginal Rate of Technical Substitution measures the rate at which one input can be substituted for another input in the production process, while keeping output constant.

Pareto Optimality

A distribution of resources where no one can be made better off without causing detriment to at least one other person.

Utilities Possibilities Frontier

A graphical representation that shows the maximum number of goods or services that two countries can produce using their resources efficiently.

Efficient

Achieving maximum productivity with minimum wasted effort or expense; effectively utilizing resources.