Substitute to Find the Value of the Expression $t$ Represents the Time It Takes Bill to Do the Job

question 36

Multiple Choice

Substitute to find the value of the expression.
-Bill takes four times as long to do a job as Jose. Suppose $t$ represents the time it takes Bill to do the job. Then $t / 4$ represents the time it takes Jose. How long does it take Jose if it takes Bill 90 minutes?

• A) \(94.00 \mathrm {~min}\)
• B) \(22.50 \mathrm {~min}\)
• C) \(360.00 \mathrm {~min}\)
• D) \(86.00 \mathrm {~min}\)

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Definitions:

Quasi-Public Goods

Goods that are not fully non-excludable or non-rivalrous, falling between pure public goods and private goods, often provided by the government.

Negative Externalities

Unintended adverse effects of a transaction that impact third parties who are not part of the transaction.

Economic Efficiency

A situation in which all available resources are utilized in the most effective way possible, maximizing the production of goods and services without waste.

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures.