Reduce the Fraction Below to Its Lowest Terms $\frac { 45 } { 20 }$

question 260

Multiple Choice

Reduce the fraction below to its lowest terms. $\frac { 45 } { 20 }$

• A) \(\frac { 9 } { 4 }\)
• B) \(\frac { 27 } { 4 }\)
• C) \(\frac { 9 } { 8 }\)
• D) none of these

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Definitions:

Human Capital

The competencies, understanding, and expertise held by a person or group, considered regarding their importance to a company or community.

Higher Salaries

Refers to wages that are above the average for a particular profession or region, often due to high demand, skill level, or experience.

Marginal Costs

The additional cost incurred from the production of one more unit of a product or service.

Value of Marginal Product

The additional revenue a firm generates from employing one more unit of input, such as labor, assuming all other inputs are constant.