The Following Table Shows the Costs and Benefit of Producing

question 49

Multiple Choice

The following table shows the costs and benefit of producing a commodity.Table 13.1

-According to Table 13.1, at the free market equilibrium:

• A)1 unit of output is produced.
• B)2 units of output is produced.
• C)5 units of output is produced.
• D)4 units of output is produced.
• E)3 units of output is produced.

---

Definitions:

Mathematical Expression

A combination of numbers, symbols, and operators that represent a mathematical value or relationship.

Simplification

The process of reducing expressions into their simplest form by performing operations and combining like terms.

Simplification

The process of altering a mathematical expression to make it easier to understand or work with, often by combining like terms or applying mathematical laws.

Mathematical Expression

An arrangement of numbers, symbols, and operators designed to represent a value or concept in mathematics.