A Truck Can Safely Haul a One-Ton Load $\frac { 1 } { 2 }$

question 56

Short Answer

A truck can safely haul a one-ton load. If it is used to deliver $\frac { 1 } { 2 }$ ton of sand and $\frac { 1 } { 3 }$ ton of gravel, what portion of a ton of cement can safely be added to the load? __________ ton

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to buy at various prices during a certain period.

Competitive Market

A market structure characterized by a large number of buyers and sellers, homogeneous products, and ease of entry and exit, which leads to price tending towards marginal cost.

Supply And Demand

The economic model that determines the price of anything in a market, based on the quantity available and the desire of consumers for it.

Competitive Market

A market structure characterized by a large number of sellers and buyers where no single entity can control prices or market share.