When Boarding an Airplane You Bring a Bag of Chips

question 60

Multiple Choice

When boarding an airplane you bring a bag of chips. While in flight the bag puffs up, because

• A)air pressure in the air-tight bag is greater than cabin air pressure.
• B)suction is occurring.
• C)air pressure is affected by the Bernoulli principle.
• D)all the above
• E)none of the above

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Definitions:

Cotton Producer

An entity or individual engaged in the cultivation and production of cotton.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.

Marginal Cost

The added total cost resulting from the manufacture of one more unit.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, often represented as the area above the supply curve and below the equilibrium price.