Find the Quotient $\frac { 1 } { 4 } \div \frac { 7 } { 5 }$

question 5

Multiple Choice

Find the quotient. $\frac { 1 } { 4 } \div \frac { 7 } { 5 }$

• A) \(\frac { 8 } { 9 }\)
• B) \(\frac { 5 } { 28 }\)
• C) \(\frac { 7 } { 33 }\)
• D) \(\frac { 9 } { 31 }\)
• E) \(\frac { 7 } { 20 }\)

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Definitions:

Utility Function

A mathematical representation of a consumer's preference ranking over a set of goods and services.

Substitution Effect

Variations in consumer purchasing patterns as a result of shifting prices among products, which leads to the exchange of one good for another.

Apple Consumption

Refers to the quantity of apples eaten or utilized over a specified period of time.

Substitution Effect

refers to the change in consumption patterns due to a change in relative prices, leading consumers to substitute more expensive goods with cheaper alternatives.