Grandfather Clocks Are Designed So They Can Be Adjusted by Moving

question 48

Multiple Choice

Grandfather clocks are designed so they can be adjusted by moving the weight at the bottom of the pendulum up or down.Suppose you have a grandfather clock at home that runs slow.Which of the following adjustments of the weight would make it more accurate? (There could be more than one correct choice. )

• A)Raise the weight.
• B)Lower the weight.
• C)Add more mass to the weight.
• D)Remove some mass from the weight.
• E)Increase the amplitude of swing by a small amount.

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Definitions:

Long-run Equilibrium

A state in which all firms in a market are making normal profits, with no incentive for entry or exit, indicating a stable market condition.

Competitive Price-searcher Market

A market condition where firms have some power to set prices due to product differentiation, yet must actively seek out the best prices and competition exists.

Zero Economic Profits

A situation in which a firm's total revenues exactly equal its total costs, implying no excess return over the opportunity cost of resources.

Downward Sloping Demand

A graphical representation of the relationship between the price of a good or service and the quantity demanded, indicating that as price decreases, demand increases.