A Plane Flying at Its Maximum Speed Can Go 220

question 24

Multiple Choice

A plane flying at its maximum speed can go 220 miles per hour with a tailwind or 160 miles per hour into a headwind. What is the wind speed? ​

• A) 30 miles per hour
• B) 35 miles per hour
• C) 160 miles per hour
• D) 60 miles per hour
• E) 25 miles per hour

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Definitions:

Prices

The amounts of money expected, required, or given in payment for goods or services.

Goods

Physical items that are produced and can be traded or used to satisfy wants and needs.

Weak Axiom

A less stringent version of a mathematical axiom used in economics and decision theory that deals with the consistency of consumer choices under varying circumstances.

Revealed Preference

A concept in consumer theory stating that the preferences of consumers can be revealed by their purchasing habits.