Use the Properties of Equality to Solve the Equation $$\frac { 11 } { 12 } a = \frac { 1 } { 3 }$$

question 15

Multiple Choice

Use the properties of equality to solve the equation. $$\frac { 11 } { 12 } a = \frac { 1 } { 3 }$$

• A) \(a = \frac { 1 } { 12 }\)
• B) \(a = \frac { 4 } { 11 }\)
• C) \(a = \frac { 1 } { 11 }\)
• D) \(a = \frac { 4 } { 3 }\)
• E)none of these

---

Definitions:

Factor Market

A marketplace for the services of a factor of production, such as labor, capital, or land, where these are bought and sold.

Marginal Productivity

Refers to the increase in output that arises from an additional unit of input, assuming all other factors of production remain constant.

Marginal Productivity Theory

An economic theory suggesting that payment to factors of production equates to their marginal contribution to the output.

Value Added

The increase in the value of a product or service as a result of a particular process, typically measured as the difference between the cost of inputs and the price it's sold for.