The Figure Below Shows a Planet Traveling in a Counterclockwise

question 31

Multiple Choice

The figure below shows a planet traveling in a counterclockwise direction on an elliptical path around a star located at one focus of the ellipse. When the planet is at point A,

• A)its speed is constant.
• B)its speed is increasing.
• C)its speed is decreasing.
• D)its speed is a maximum.
• E)its speed is a minimum.

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Definitions:

Price Discriminate

The practice of selling the same product or service at different prices to different customers, not based on differences in production costs.

Pure Monopolist

A single producer in a market who controls all supply of a product with no close substitutes, allowing them to exert significant power over prices and quantities sold.

Profit-Maximizing

A business strategy focused on finding the optimal level of output at which total revenues exceed total costs by the greatest amount.

Marginal Cost

The change in total cost that arises from producing one additional unit of a product or service.