Which of the Following Choices Constitutes a Simultaneous Solution to These

question 6

Multiple Choice

Which of the following choices constitutes a simultaneous solution to these equations?
3x+4y=10
5x+4y=14

• A) x = 2, y = .5
• B) x = 4, y = -.5
• C) x = 2, y = 1
• D) x = y
• E) y = 2x

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Definitions:

Merged

The process of combining two or more entities into one, typically referring to businesses or corporations uniting to form a single new entity.

Herfindahl Index

An assessment of how large companies are in proportion to their industry, serving as a sign of competitive dynamics.

Market Shares

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in an industry.

Four-Firm Concentration Ratio

An economic indicator that measures the combined market share of the top four firms in an industry, used to assess the level of competition.