Using the Right Triangle ABC Shown, and the Information Given

question 115

Short Answer

Using the right triangle ABC shown, and the information given, select an appropriate ratio to find side a. Round to the nearest 100th. c = 47 ft

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Definitions:

Short Run

In economics, a period in which at least one input, such as plant size, cannot be changed; distinct from the long run where all inputs can be varied.

Long Run

A period in economics during which all factors of production and costs are variable, allowing for full adjustment to changes.

Perfectly Elastic

Describes a situation where the quantity demanded or supplied changes by an unlimited amount in response to any change in price.

Competitive Firm

A business that operates in a market with many buyers and sellers, where the company does not have the market power to set prices.