The Fuel Efficiency (In Miles Per Gallon)of a Sport Utility

question 1

Multiple Choice

The fuel efficiency (in miles per gallon) of a sport utility vehicle (SUV) depends on its weight according to the formula where x is the weight of an SUV in pounds. According to the model, what is the weight of the least fuel-efficient SUV?

• A)6,000 pounds
• B)3,000 pounds
• C)3,100 pounds
• D)2,000 pounds
• E)326 pounds

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Definitions:

Company Towns

Communities where all stores and housing are owned by the one company that is also the main employer, often seen in remote locations or during certain historical periods.

Monopsonies

Market situations in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers.

Bilateral Monopoly

A market structure where there is only one buyer (monopsony) and one seller (monopoly), leading to unique negotiation dynamics.

Monopsony

A market in which a single buyer has no rivals.