Solve the Problem $\frac { 175 } { 4 } \mathrm { mph }$

question 27

Multiple Choice

Solve the problem.
-The speed of a vehicle is inversely proportional to the time it takes to travel a fixed distance. If a vehicle travels a fixed distance at 35 miles per hour in 40 minutes, how fast must it travel to cover the same distance in 50 minutes?

• A) \(\frac { 175 } { 4 } \mathrm { mph }\)
• B) \(\frac { 4 } { 175 } \mathrm { mph }\)
• C) 28 mph
• D) \(\frac { 400 } { 7 } \mathrm { mph }\)

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Definitions:

Factor Markets

Markets where resources, such as labor, capital, and land, are bought and sold.

Resource Allocation

The process of distributing available resources among various projects or business units to maximize the effectiveness and efficiency of utilization.

Perfect Competition

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price-takers.

Marginal Revenue Product

The extra revenue generated from employing one additional unit of a resource.