The Numerator of a Certain Fraction Is 5 More Than

question 201

Short Answer

The numerator of a certain fraction is 5 more than the denominator. If is added to the fraction, the result is 3. Find the fraction.

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Definitions:

Maximize Profits

The process by which a company seeks to achieve the highest possible financial gain from its operations, often by adjusting production, prices, and costs.

Marginal Revenue

The extra revenue generated by the sale of an additional unit of a product or service.

Marginal Cost

The expense incurred in manufacturing an extra unit of a product or service.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, indicating excess over the opportunity cost.