Solve. -A Particular Substance Decays in Such a Way That It

question 38

Multiple Choice

Solve.
-A particular substance decays in such a way that it loses half its weight each day. How much of thesubstance is left after 9 days if it starts out at 64 grams?

• A) gram
• B)8 grams
• C) gram
• D)4 grams

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Definitions:

Pure Rent

Payment to a factor of production (land, specifically) in excess of what is needed to keep it in its current use.

Fixed Supply

A situation where the quantity of a good, service, or resource is limited and cannot be changed in the short run, often leading to inelastic supply.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good that sellers are willing to supply.

Perfectly Inelastic

Describes a situation in which the quantity demanded or supplied does not change in response to a price change.