Last Week on an Algebra Test, the Highest Grade Was

question 260

Short Answer

Last week on an algebra test, the highest grade was 16 points less than 3 times the lowest grade. The sum of the two grades was 60. Find the lowest and highest grades on the test. Please enter your answer as two numbers, listed from least to greatest, separated by a comma.

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Definitions:

MRP

The marginal revenue product, representing the additional revenue generated from employing one more unit of a factor, such as labor or capital.

Labor Supply Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor workers are willing to offer.

Wage Rate

The fixed amount of compensation paid to an employee by an employer in exchange for work performed, typically expressed per hour, day, or piece produced.

Monopsonistic Employer

An employer with significant market power in hiring, enabling it to set wages below competitive levels.