Use a Descriptive Variable and an Inequality Symbol (<, > $\ge$

question 38

Multiple Choice

Use a descriptive variable and an inequality symbol (<, >, $\ge$ , $\le$ ) to write a model for the statement. The Smith family will spend at least $16,500 on home improvements.

• A) Let a represent the amount. a < $16,500.
• B) Let a represent the amount. a \(\le\)$16,500.
• C) Let a represent the amount. a > $16,500.
• D) Let a represent the amount. a \(\ge\) $16,500.

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Definitions:

Relative Scarcity

The condition where the availability of resources is limited compared to the unlimited wants and needs.

Demand For Resource

The desire and willingness of firms or individuals to acquire resources at various price levels.

Resource

Refers to assets or inputs used in the production of goods and services, such as time, money, or raw materials.

Certification Requirements

Standards or qualifications that must be met or obtained in order to engage in certain professions or activities.