At Noon $\frac { 2 } { 5 }$ Of a 1-Liter Bag of Normal Saline Has Been Infused

question 9

Multiple Choice

At noon, $\frac { 2 } { 5 }$ of a 1-liter bag of normal saline has been infused. If the infusion rate for this IV is 120 ml/h, what time will this infusion be complete?

• A) 6 P.M.
• B) 5 P.M.
• C) 4 P.M.
• D) 3 P.M.
• E) 7 P.M.

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Definitions:

Long Run

A period of time in which all factors of production and costs are variable, allowing for adjustment to changing market conditions.

Short Run

A time period in which at least one input is fixed, limiting the adjustments that a firm can make to its production.

Binding Price Ceiling

A binding price ceiling is a government-imposed limit on the price charged for a product that is set below the market equilibrium price, leading to shortages.

Tax

A financial charge imposed by the government, required for the support of the government and public services.