Solve for the Variable in the Proportion $$\frac { 3 } { 5 } = \frac { x } { 15 }$$

question 13

Multiple Choice

Solve for the variable in the proportion. $$\frac { 3 } { 5 } = \frac { x } { 15 }$$

• A) \(x = 7\)
• B) \(x = 9\)
• C) \(x = 10\)
• D) \(x = 12\)
• E) \(x = 6\)

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Definitions:

Wage Rates

The amount of compensation paid to employees for their labor, typically expressed per hour or year.

Labor Supply Curve

A graphical representation showing the relationship between the quantity of labor that workers wish to supply and the wage rate.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with cheaper substitutes.

Output Effect

The impact that changes in production levels have on a company's total revenue, often influenced by market demand and price.