Use the Rule for Order of Operations to Simplify the Expression

question 120

Short Answer

Use the rule for order of operations to simplify the expression as much as possible. $7+5(8-2)$

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Definitions:

Perfectly Elastic

describes a market situation in which the quantity demanded or supplied changes infinitely in response to any change in price.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating overall profitability beyond breakeven.

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing for significant competition but also some degree of market power for individual firms.

Advertising Campaign

A series of advertisement messages that share a single idea and theme aiming to market a particular product or service.