Examlex
select the best translation into predicate logic, using the following translation key:
a: one
b: two
c: three
f(x) : the successor of x
g(x,y) : the sum of x and y
Nx: x is a number
Dxy: x is divisible by y
Gxy: x is greater than y
-The sum of any number and two is equal to the sum of the successor of that number and one.
Shut Down
A short-term decision by a firm to cease production due to market conditions, often when the revenue from sales cannot cover variable costs.
Total Cost
The total of all expenses related to the manufacturing of products or provision of services, which encompasses both constant and fluctuating costs.
Perfectly Competitive
An economic market scenario where buyers and sellers operate in a setting with full information, resulting in efficient allocation of resources.
Economic Profit
The profit a business makes after deducting both its explicit and implicit costs, not just its operational expenses.
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