What Is the Classification of the Polynomial

question 11

Multiple Choice

What is the classification of the polynomial ?

• A) binomial
• B) 2nd degree binomial
• C) trinomial
• D) 3rd degree monomial
• E) monomial

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Definitions:

Monopolist

An individual or business entity that is the sole provider of a particular good or service, enabling control over market prices.

Inverse Demand Function

A mathematical function that expresses price as a function of quantity demanded, illustrating how price varies with changes in demand.

Total Costs

The complete cost of production that includes both fixed and variable costs.

Tax

Tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.