Solve
-The Area of Mark's Backyard Is About 3 Times $\mathrm { ft } ^ { 2 }$

question 242

Multiple Choice

Solve.
-The area of Mark's backyard is about 3 times the area of Jon's backyard. The area of Mark's backyard is 2010 $\mathrm { ft } ^ { 2 }$ What is the area of Jon's backyard?

• A) \(783 \mathrm { ft } ^ { 2 }\)
• B) \(2007 \mathrm { ft } ^ { 2 }\)
• C) \(2010 \mathrm { ft } ^ { 2 }\)
• D) \(670 \mathrm { ft } ^ { 2 }\)

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Definitions:

Price Elasticity

An indication of the extent to which the demand or supply of a product alters following a variation in its price.

Substitutes

Products or services that can be used in place of each other, where the increase in price of one leads to an increase in demand for the other.

Complements

Items or services used together, where the use of one increases the demand for the other.

Consumer Surplus

The variance between the aggregate amount consumers intend and can afford to pay for a good or service and the total they actually do pay.