Find the Following Sum $$\frac { 4 } { 7 } + \frac { 2 } { 7 }$$

question 147

Multiple Choice

Find the following sum. Give your answer in reduced form. $$\frac { 4 } { 7 } + \frac { 2 } { 7 }$$

• A) \(\frac { 2 } { 7 }\)
• B) \(\frac { 7 } { 6 }\)
• C) \(\frac { 4 } { 7 }\)
• D) \(6\)
• E) \(\frac { 6 } { 7 }\)

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Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, in economic theory, representing the surplus generated by an entity in economic activities.

Long-run Equilibrium

A state where all factors of production can be varied, and all economic participants have fully adjusted to any changes, leading to a stable economic condition.

Constant Costs

Costs that do not change with the level of output or production, remaining stable irrespective of business activity levels.

Economic Profit

The profit or loss that a company makes, calculated by subtracting both the explicit and implicit costs from total revenues.