Solve the Equation $3 ( k - 4 ) = - 36$

question 82

Multiple Choice

Solve the equation. Check the result. $3 ( k - 4 ) = - 36$

• A) -9
• B) -6
• C) -11
• D) -12
• E) -8

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Definitions:

Long-Run Equilibrium

is an economic condition where all inputs and outputs in a market are fully adjusted to any changes, leading to a stable state of operations over time.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Competitive Return

The earning or return that an investment generates, over and above the risk-free rate, due to its competitive advantage.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.