Which One of the Following Quantities Is at a Maximum

question 7

Multiple Choice

Which one of the following quantities is at a maximum when an object in simple harmonic motion is at its maximum displacement?

• A)speed
• B)acceleration
• C)kinetic energy
• D)frequency

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Definitions:

Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a high response to price changes.

Revenue-Maximizing

The strategy of setting prices and production levels to achieve the highest possible revenue, not necessarily leading to the highest profit.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, opposite to normal goods.

Income Elasticity

A measure of how much the quantity demanded of a good responds to a change in consumers' income, holding all other factors constant.