A String with a Length of 13

question 16

Multiple Choice

A string with a length of 13.1 m is tightly tied between two trees.The second tree is some distance east and north of the first tree.If the second tree is 9.8 m east of the first tree,how far north of the first tree is the second tree?

• A)3.3 m
• B)6.6 m
• C)8.7 m
• D)11.5 m
• E)22.9 m

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Definitions:

Willingness To Pay

The maximum amount an individual is prepared to offer for a good or service, reflecting the value they place on it.

Supply Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply to the market.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is distributed to meet the desires of consumers.