A Plane Is Moving Due North,directly Towards Its Destination

question 61

Multiple Choice

A plane is moving due north,directly towards its destination.Its airspeed is 240 mph.A constant breeze is blowing from west to east at 20 mph.How long will it take for the plane to travel 240 miles north?
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• A) one hour
• B) more than one hour
• C) less than one hour
• D) more information is needed
• E) ​none of the above

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Definitions:

Marginal Revenue

It refers to the additional income earned from selling one more unit of a good or service.

Demand Schedule

A table that lists the quantity of a good or service that consumers are willing to buy at various prices.

Total Revenue Schedule

A table or graph that shows the total revenue a firm can expect to receive at various levels of output, assuming a constant price.

Demand Linear

A relationship in economics where the amount of a good or service demanded changes linearly with its price.