-The Relationship Between Distance Traveled in 5 Hours and Speed

question 120

Multiple Choice

-The relationship between distance traveled in 5 hours and speed shown in the figure above is

• A) direct, linear.
• B) inverse, linear.
• C) direct, non-linear.
• D) inverse, positive.
• E) direct, negative.

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Definitions:

Implicit Cost

Refers to the opportunity costs that are not directly paid for in money but represent the loss of value from using resources for a particular venture instead of their best alternative use.

Explicit Cost

Direct, out-of-pocket payments for goods or services used in the production of a product or offering of a service.

Sole Proprietor

An individual who owns and operates a business alone, bearing all the responsibilities and benefits of the business.

Short Run

A timeline in economics where at least one factor of production is fixed, constraining the ability to adjust to changing economic conditions.