Find a Number Such That the Sum of the Number $\frac { 65 } { 8 }$

question 35

Multiple Choice

Find a number such that the sum of the number and its reciprocal is $\frac { 65 } { 8 }$ .

• A) 8 or \(\frac { 1 } { 8 }\)
• B) 11 or 1
• 11
• C) 12 or \(\frac { 1 } { 12 }\)
• D) \(9\) or \(\frac { 1 } { 9 }\)
• E) \(10\) or \(\frac { 1 } { 10 }\)

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Definitions:

Loanable Funds

The funds available for borrowing, which are determined by the savings and investments in an economy.

Interest Rates

The percentage charged by a lender to a borrower for the use of assets, usually expressed as an annual percentage of the principal loan amount.

Hotelling Rule

An economic theory that addresses how the price of non-renewable resources should increase over time under conditions of efficient extraction and market equilibrium.

Marginal Extraction Cost

The additional cost associated with extracting one more unit of a resource.