A Car Accelerates from Rest at 2 M/s2

question 3

Multiple Choice

A car accelerates from rest at 2 m/s2. What is its speed 3 s after the car starts moving?

• A)2 m/s
• B)3 m/s
• C)4 m/s
• D)6 m/s
• E)none of the above

Analyze the effects of input price changes on the firm's production choices.

Discuss the concept of weak axiom of profit maximization (WAPM) and its implications.

Understand the distinction between fixed and variable factors in production.

Explain the principles of diminishing returns to scale and their implications on firm's profit.