You Leave on a 549-Mi Trip in Order to Attend

question 22

Multiple Choice

You leave on a 549-mi trip in order to attend a meeting that will start 10.8 h after you begin your trip. Along the way you plan to stop for dinner. If the fastest you can safely drive is 65 mi/h, what
Is the longest time you can spend over dinner and still arrive just in time for the meeting?

• A) 2.6 h
• B) 1.9 h
• C) 2.4 h
• D) You can't stop at all.

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Definitions:

Rate of Sales

The speed at which a company's goods are sold or its services are provided within a specific period.

Constant-cost Industry

An industry in which the input costs do not change as the industry's output changes, leading to a flat supply curve.

Demand Increase

A situation where the desire for a good or service exceeds the previous level at the current price.

Market Equilibrium

The point at which the quantity demanded by consumers equals the quantity supplied by producers, resulting in no economic pressure to change the price.