A Cube-Shaped Dry Well Is Used to Collect and Hold

question 25

Short Answer

A cube-shaped dry well is used to collect and hold water. The length of a side is 48 inches. What is the capacity in gallons? One cubic foot equals 7.5 gallons.

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Definitions:

Marginal Revenue

The extra revenue obtained by selling an additional unit of a product or service.

Upsloping Line

A graphical representation indicating positive correlation between two variables; as one variable increases, so does the other.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers, usually downward sloping.

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, and easy entry and exit from the market.