Answer the Question with an Algebraic Expression

question 131

Multiple Choice

Answer the question with an algebraic expression. The sum of two numbers is 98 and one of the numbers is k . What is the other number?

• A) 98 + k
• B) 98 - k
• C) 98 - z
• D) k - 98
• E) none of these

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Definitions:

Profit-maximizing Output

The level of production at which a business achieves the highest possible profit.

Cournot Model

An economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide upon independently of each other and at the same time.

Prevail

To be widespread or dominant, or to win against opposing forces.

Concentration Ratio

A measure used in economics to assess the extent of market control held by the largest firms within an industry.