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The trigonometric form of complex numbers is often used by electrical engineers to describe the current I, voltage V, and impedance Z in electrical circuits with alternating current. Impedance is the opposition to the flow of current in a circuit. Most common electrical devices operate on 115-volt, alternating current. The relationship among these three quantities is . The real part of I represents the actual current delivered to an electrical appliance in amps. Approximate this current when and , and express the answer in rectangular form to two decimal places.
Average Revenue
The average amount of money received by a firm per unit of output sold, calculated by dividing the total revenue by the number of units sold.
Marginal Cost
The uptick in price resulting from the manufacture of an extra unit of a good or service.
Monopoly Firm
A company that is the sole provider of a product or service in a market, facing no competition.
Profit
The financial gain obtained when the revenues generated from business activities exceed the expenses, taxes, and costs.
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