A Hygrothermograph Is Used by the Weather Services to Record

question 143

Multiple Choice

A hygrothermograph is used by the weather services to record temperature and relative humidity (see figure labeled "Hygrothermograph") . The lower part of the graph is used to measure relative humidity from 0% to 100%. The upper part of the graph is used to measure temperature from 10° F to 110° F. What is the relative humidity at 2:00 p.m.? Use the data in the figure to answer this question.

• A) 75 %
• B) 59 %
• C) 69 %
• D) 80 %
• E) 64 %

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Definitions:

Natural Monopoly

A market condition where due to high infrastructure costs or significant barriers to entry, a single company can supply a product or service more efficiently than any potential competitor.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, reflecting the true financial gain of a business.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, not based on differences in costs.

Marginal Cost

The additional expense incurred from producing another unit of a product.