Linda Jarred 48 Liters of Jam in 12 Hours

question 63

Multiple Choice

Linda jarred 48 liters of jam in 12 hours. How many liters of jam can Linda jar in 7 hours?

• A)30
• B)28
• C)84
• D)24

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Definitions:

Consumer Surplus

The difference between the total amount consumers are willing to pay for a product or service and the total amount they actually pay.

Trade Restrictions

Regulations and policies that governments enact to control the free trade and exchange of goods and services across borders.

Import Quota

A restriction enforced by the government on the volume or price of merchandise that may be imported into a country.

Tariff

A tariff is a tax imposed by a government on imported or exported goods to regulate trade, often to protect domestic industries.