The Ordered Pair (1, 3)is a Solution of the Given $$\left\{ \begin{array} { l } 2 x + 2 y = 8 \\4 x + 3 y = 13\end{array} \right.$$

question 24

True/False

The ordered pair (1, 3)is a solution of the given system. $$\left\{ \begin{array} { l } 2 x + 2 y = 8 \\4 x + 3 y = 13\end{array} \right.$$

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Definitions:

Inputs

The resources such as labor, materials, and capital that are used in the production process to create goods and services.

AFC

Acronym that stands for Average Fixed Cost, the fixed costs of production divided by the quantity of output produced.

ATC

Average Total Cost, which is the total cost of production divided by the number of goods produced.

Output

The total amount of goods or services produced by a company, industry, or economy within a specific period.