Round Your Answer to Two Decimal Places

question 272

Multiple Choice

Round your answer to two decimal places.
-The weight W of an object on the Moon varies directly as the weight E on earth. A person who weighs 192 lb on earth weighs 38.4 lb on the Moon. How much would a 104-lb person weigh on The Moon?

• A) 520 lb
• B) 334.4 lb
• C) .2 lb
• D) 20.8 lb

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Definitions:

Seller

An individual or business that offers goods or services for sale to consumers or other businesses.

Lemons Problem

A phenomenon where the presence of information asymmetry in a market leads to low-quality products being sold, as sellers have more information about the product than buyers.

Moral-Hazard

A situation where one party engages in risky behavior knowing that it is protected against the risk because another party will bear the cost.

Above-Equilibrium Wages

Wages that are higher than the market equilibrium, often used by employers to reduce turnover or increase productivity.