Subtract as Indicated, and Express Your Answer in Lowest Terms $- \frac { 2 } { 17 } - \frac { 7 } { 85 }$

question 18

Multiple Choice

Subtract as indicated, and express your answer in lowest terms. $- \frac { 2 } { 17 } - \frac { 7 } { 85 }$

• A) \(- \frac { 1 } { 5 }\)
• B) \(\frac { 1 } { 4 }\)
• C) \(\frac { 1 } { 5 }\)
• D) \(\frac { 4 } { 5 }\)
• E) \(- \frac { 4 } { 5 }\)

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Definitions:

Marginal Cost

The rise in costs related to the production of one more unit of a good or service.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in the market.

Purely Competitive Industry

An industry consisting of many buyers and sellers, where each firm is a price taker and the products are homogeneous.

Pure Monopoly Model

Describes a market structure in which a single seller sells a unique product in the market without any competition.