Solve the Problem. Round as Appropriate

question 228

Multiple Choice

Solve the problem. Round as appropriate.
-The weight of a liquid varies directly as its volume V. If the weight of the liquid in a cubical container 3 cm on a side is 81 g, find the weight of the liquid in a cubical container 4 cm on a side.

• A) 192 g
• B) 64 g
• C) 12 g
• D) 52 g

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Definitions:

Price-taking Behavior

Describes individuals or companies that accept market prices as given because they have no power to influence those prices.

Pure Competition

A market structure characterized by many buyers and sellers, homogenous products, and no barriers to entry or exit, leading to efficient outcomes.

Market Model

A theoretical construct that describes the workings of a market through a set of mathematical equations or principles, aiming to predict the outcome of market forces.

Price

The price associated with purchasing a good, service, or asset.