Let $$\begin{array} { l } U = \{ 1,2,3,4,5,6,7 \} \\A = \{ 1,2,3,4 \} \\B = \{ 1,2,3,6 \} \\C = \{ 3,5,7 \}\end{array}$$

question 44

Multiple Choice

Let $$\begin{array} { l } U = \{ 1,2,3,4,5,6,7 \} \\A = \{ 1,2,3,4 \} \\B = \{ 1,2,3,6 \} \\C = \{ 3,5,7 \}\end{array}$$ List all the members of the set. $A \cap C$

• A) \(\{ 3,5,7 \}\)
• B) \(\{ 3 \}\)
• C) \(( 1,2,3,4 \}\)
• D) \(\{ 1,2,3,4,5,7 \}\)
• E) \(\varnothing \)

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Definitions:

Economic Efficiency

A broader term that occurs when all resources are allocated optimally to serve each individual or entity in the best way while minimizing waste and inefficiency.

ATC

Represents the average total cost, which is the sum of all production costs divided by the quantity of output produced, a crucial concept for understanding how firms should operate to cover their costs.

Production Process

The series of operations that transform raw materials into finished products or services.

Patents

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