Suppose You Wish to Place Artificial Turf on the Floor

question 46

Multiple Choice

Suppose you wish to place artificial turf on the floor of an indoor exercise facility that is in the shape of a trapezoid with bases measuring 25 feet and 42 feet and a vertical height from one base to the other of 12 feet. Find the cost of covering the floor if the artificial turf costs $6 per square foot.

• A) $9648.00
• B) $546.00
• C) $2412.00
• D) $4824.00

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Definitions:

Sold Out

A situation where all available units of a product or tickets for an event have been purchased, and none are available for sale.

Supply Curves

Graphical representations that show the relationship between the price of a good and the quantity of the good supplied.

Perfectly Elastic

Describes a situation in which the quantity demanded or supplied responds infinitely at a particular price level but is zero at any other price level.

Long Run

A period in economics where all factors of production and costs are variable, allowing for full adjustment to changes.