Solve the Following Equation

question 40

Multiple Choice

Solve the following equation. Be sure to check each answer in the original equation if you multiply both sides by an expression that contains the variable.

• A) no solution

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Definitions:

Economies of Scale

The cost advantage experienced by a firm when it increases its level of output. The average costs per unit of output decrease with the scaling up of production.

Diamond-Mining Company

An entity engaged in the extraction of diamonds from the earth through mining operations.

Diseconomies Of Scale

The phenomenon where production costs per unit increase as a firm or production process increases in size, often due to inefficiencies.

Industry Demand Curve

A graphical representation of the total demand for the products or services provided by a specific industry at various prices.