Determine the Value That the Function F Approaches as the Magnitude

question 84

Multiple Choice

Determine the value that the function f approaches as the magnitude of x increases.​ $$f ( x ) = 3 + \frac { 1 } { x - 4 }$$ ​

• A)2.75
• B)​3
• C)​1
• D)​4
• E)-0.25

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Definitions:

Elastic

Describes a situation where the quantity demanded or supplied of a good is sensitive to changes in price.

Short Run

A period in economics during which the quantity of at least one input (such as plant size) is fixed and cannot be changed.

Long Run

A period in economics sufficient for all markets to adjust to equilibrium, including the adjustment of all production factors and prices of inputs.

Cross-Price Elasticity

A measure of how the demand for one good changes in response to a change in the price of another good.