The Numerator of a Certain Fraction Is 1 More Than

question 258

Multiple Choice

The numerator of a certain fraction is 1 more than the denominator. If is added to the fraction, the result is 2. Find the fraction.

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Definitions:

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a product and the actual market price they pay.

Government Revenue

The money received by a government from taxes, fees, fines, intergovernmental grants, and other sources to fund public spending.

Tariff

A tax imposed by a government on goods and services imported from other countries to encourage domestic consumption and protect the local industry.

Producer Surplus

The discrepancy between the price at which sellers are prepared to offer a product and the actual price it sells for.