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Solve the problem.
-The amount of time it takes a swimmer to swim a race is inversely proportional to the average speed of the swimmer. A swimmer finishes a race in 150 seconds with an average speed of 4 feet per second. Find the
Average speed of the swimmer if it takes 200 seconds to finish the race.
Inferior Good
A category of product that sees reduced demand as the income levels of buyers rise.
Normal Good
A normal good is one for which demand increases as the income of consumers increases.
Optimal Consumption
The consumption mix that provides the highest satisfaction or utility level to an individual, given their income and prices.
Indifference Curve
A graphical representation of different bundles of goods between which a consumer is indifferent, showing levels of utility.
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