Solve the Problem $\approx 32 \mathrm {~km}$ B) $\approx 28 \mathrm {~km}$

question 64

Multiple Choice

Solve the problem.
-Below is a map of a trail through a forest preserve. Using the scale on the map, estimate the distance of the route starting at the fishing dock and ending at the ranger station.

• A) \(\approx 32 \mathrm {~km}\)
• B) \(\approx 28 \mathrm {~km}\)
• C) \(\approx 16 \mathrm {~km}\)
• D) \(\approx 20 \mathrm {~km}\)

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Definitions:

Scale Economies

Cost advantages that a business can achieve due to expansion in the scale of production, leading to a reduction in average costs.

Patents

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Cournot Model

Oligopoly model in which firms produce a homogeneous good, each firm treats the output of its competitors as fixed, and all firms decide simultaneously how much to produce.

Output

Represents the quantity of goods or services produced within a given period by a firm, industry, or economy.